Darden said it will acquire all the outstanding shares of Chuy’s for $37.50 per share. The price represents a 40% premium to Chuy’s 60-day volume weighted price.
San Diego-based pet food retailer said that interim CEO R. Michael Mohan would transition to a new role leading a board committee focused on value creation.
The move follows a similar retreat by Tractor Supply as more companies face criticism over DEI.
Move follows a new California law affecting communications between schools and families over gay and transgender students.
Five Below replaced its longtime chief executive and cut its outlook for the second quarter as the discount retailer continues to grapple with slower consumer spending.
The journalist-turned-media executive was hired by Jeff Bezos to turn around the Washington Post, but a past role at News Corp is casting a shadow.
