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Ruth's Hospitality Group, Inc., through its various subsidiaries, specializes in the creation, management, and licensing of upscale dining establishments operating under the Ruth's Chris Steak House brand. These restaurants provide a selection of food and beverage offerings to a diverse clientele, including individuals celebrating special occasions, frequent visitors, and corporate accounts. As of February 24, 2022, the company oversaw roughly 150 locations globally, encompassing both company-owned and independently franchised operations. Founded in 1965 and based in Winter Park, Florida, the…

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Ruth’s Hospitality Group, Inc. (NasdaqGS: RUTH) to Darden Restaurants, Inc. (NYSE: DRI). Under the terms of the proposed transaction, shareholders of Ruth’s will receive $21.50 in cash for each share of Ruth’s that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-ruth/ to learn more. Please note that the merger is structured as a tender offer, such that time may be of the essence. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Ruth's Hospitality Group, Inc. (NasdaqGS: RUTH) to Darden Restaurants, Inc. (NYSE: DRI). Under the terms of the proposed transaction, shareholders of Ruth's will receive $21.50 in cash for each share of Ruth's that they own. KSF is seeking to determine whether this consideration and the process that led to it.

NEW YORK , May 4, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ruth's Hospitality Group, Inc. (NASDAQ: RUTH), in connection with its acquisition via tender offer by Darden Restaurants, Inc. (NASDAQ: DRI). Under the merger agreement, RUTH shareholders will receive $21.50 cash per share.

ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (Nasdaq:RUTH) announced earlier today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million.

Ruth's Hospitality stock is now trading within 1% of Darden's all-cash offer, which has already been approved by both companies' boards. Darden management will host a conference call for shareholders Thursday to elaborate on why it wants to acquire Ruth's Hospitality.