Darden Restaurants to buy Cheddar's for $780M

Posted online March 28, 2017 | 11:40 am

Olive Garden owner Darden Restaurants on Monday announced plans to buy Cheddar's Scratch Kitchen for $780 million.

Currently, Cheddar's is owned by a shareholder group that includes private equity firms L Catterton and Oak Investment Partners.

Cheddar's operates 165 restaurants in 28 states.

Read more from Reuters.

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