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Darden Restaurants Inc (DRI)

DRI on New York Consolidated

87.40USD
22 May 2017
Change (% chg)

$0.44 (+0.51%)
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Tue, Mar 28 2017

Fitch Affirms Darden's IDRS at 'BBB/F2'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, March 28 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Darden Restaurants, Inc. at 'BBB' and the Short-Term IDR at 'F2' following the company's definitive agreement to acquire Cheddar's Scratch Kitchen (Cheddar's) for $780 million. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. Cheddar's is a regional casual dining restaurant chain with 165

Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 million

Olive Garden owner Darden Restaurants Inc said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.

UPDATE 1-Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 mln

March 27 Olive Garden owner Darden Restaurants Inc said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.

BRIEF-Darden Restaurants reports Q3 results

* Darden restaurants reports fiscal 2017 third quarter results and increases earnings outlook for the full fiscal year

Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 mln

March 27 Olive Garden owner Darden Restaurants Inc said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.

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