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Thursday, June 8, 2023

Equity Corporate Actions Alert #2023 - 337
(UPDATED: Merger closed) Information Regarding the Tender Offer of Ruth's Hospitality Group, Inc. (RUTH)

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  • Industry Announcement

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The tender offer by Darden Restaurants, Inc. (DRI) to acquire all of the outstanding common stock of Ruth's Hospitality Group, Inc. (RUTH) expired one minute after 11:59 p.m. ET, on June 13, 2023. The subsequent merger closed prior to the market open on June 14, 2023. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on June 13, 2023. The stock will remain halted on the day of closing (June 14th) and will be suspended effective June 15, 2023. The details are as follows:

Company Name/Issue: Ruth's Hospitality Group, Inc. Common Stock
CUSIP: 783332109
Symbol: RUTH
Offer Price: $21.50 per share held
Last Trading Date: June 13, 2023
Marketplace Effective Date for Suspension: June 15, 2023

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