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Darden Successful in $1.4B Acquisition of RARE Hospitality

Longhorn and Capital Grille Joining Darden's Fleet of Brands
By Sasha M Pardy
October 10, 2007 | 1:27 P.M.

Orlando, FL-based Darden Restaurants, operator of more than 1,400 casual restaurants under banners Olive Garden, Red Lobster, Bahama Breeze, Smokey Bones and Seasons 52; announced the successful completion of its cash tender offer to acquire the outstanding shares of Atlanta, GA-based RARE Hospitality International's common stock. With less than 10% of the shares not tendered, Darden's last step is to acquire those remaining shares.

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