![]() ![]() Today’s news and heavy trading have RUTH stock up 33.5% as of Wednesday morning. For the record, the company’s daily average trading volume is closer to 407,000 shares. As a result, some 10 million units are on the move as of this writing. ![]() The acquisition news has RUTH stock seeing heavy trading today as investors buy shares. Realtime driving directions to Skyrocket Group SRL, no 223 Av Simn Bolvar, Santo Domingo, based on live traffic updates and road conditions from Waze. Our strategy and operating philosophy aligns well with Darden, and we have a strong cultural fit that should ensure a smooth transition.” RUTH Stock Movement Today “We are excited about the opportunity to join the Darden family. ![]() If the customary closing conditions are met when expected, the deal should close in June.Ĭheryl Henry, President, CEO and Chairperson of Ruth’s, said the following about the deal: The Boards of Directors at Ruth’s Hospitality Group and Darden Restaurants have given their unanimous support to the deal. Darden also expects the deal to be about 10 cents to 12 cents accretive to its fiscal 2024 earnings. That will then jump to between $15 million and $20 million in the second year. SkyRocket Group Eastern Illinois University About Results-driven marketing professional skilled in creating and implementing the content B2B audiences want across diverse sectors. That’s a 34% premium to the stock’s prior closing price.ĭarden is expecting pre-tax synergies from the deal to range between $5 million and $10 million in the first year. Technology Personal Finance More Earnings Financial Advisors Markets NVDA -0.83 3 High-Growth Metaverse Stocks to Buy Before They Skyrocket 10:58 am EDT Written by Yiannis. The company will use cash for this acquisition, which values RUTH stock at $21.50 per share. Douglas D-558-2 Skyrocket, another airplane Skyrocket, a band from Austin, Texas featuring Johnny Goudie and Trish Murphy. Ruth’s Hospitality Group (NASDAQ: RUTH) stock is taking off on Wednesday following news that Darden Restaurants (NYSE: DRI) is acquiring the company.ĭarden Restaurants will pay a total of $715 million to acquire Ruth’s Hospitality Group. ![]()
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