Ruth’s Chris menu offerings include USDA Prime steaks, New Orleans-inspired sides and wine. Credit: JHVEPhoto via Shutterstock.com.

Darden Restaurants has concluded the acquisition of Ruth’s Hospitality Group in a deal valued at $715m.

The deal was executed through Darden’s indirect wholly owned subsidiary Ruby Acquisition Corporation.

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Darden’s agreed to purchase the issued and outstanding shares of Ruth’s common stock for $21.50 per share.

With the completion of the deal, Ruth’s became an indirect, wholly-owned subsidiary of Darden.

As a result of this merger, Ruth’s common stock ceased trading on Nasdaq.

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Ruth’s Chris Steak House brand also joins Darden’s portfolio, which includes brands such as Olive Garden, LongHorn Steakhouse, Yard House and Bahama Breeze.

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Ruth’s Chris Steak House offers an array of menu items such as USDA Prime steaks, New Orleans-inspired sides and wines.

Ruth’s Chris Steak House currently operates 155 locations worldwide, including 81 company-owned or company-operated restaurants and 74 franchised restaurants.

Last month, Darden Restaurants signed a definitive merger agreement to purchase all of Ruth’s outstanding shares.

At the time of signing the deal, Ruth’s chairperson, president and CEO Cheryl Henry said: “We are excited about the opportunity to join the Darden family. Our strategy and operating philosophy align well with Darden and we have a strong cultural fit that should ensure a smooth transition.

“This transaction will also provide more opportunities for our team members to develop in their careers as we continue to grow our 57-year-old iconic brand.”