darden restaurants inc dri closed the acquisition of ruths hospitality group inc ruth in cash for 2150 per share the price translates to an equity value of approximately 715 million with the acquisition ruths chris steak house brand is added to dardens brand portfolio which includes olive garden longhorn steakhouse yard house cheddars scratch kitchen seasons 52 and eddie vs in connection with the completion of the merger ruths common stock ceased trading on nasdaq also read increasing same store sales at olive garden signals bullish outlook for darden restaurants analyst darden expects to garner pretax synergies of between 5 million and 10 million within the first year and between 15 million and 20 million in the second year of the acquisition closure the company projects the acquisition to be accretive to its net eps in fy24 by approximately 010 to 012 excluding acquisition and integrationrelated expenses projected around 55 million to 60 million in march dri reported q3 fy23 revenues of 279 billion beating the consensus of 273 billion and eps of 234 exceeding the consensus of 225 price action dri shares are trading higher by 064 at 16710 on the last check wednesday