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Darden Restaurants completes purchase of Cheddar's

Darden Restaurants Inc. on April 24 completed its acquisition of Cheddar's Inc. for a transaction value of $780.0 million.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Merrill Lynch Pierce Fenner & Smith Inc. was the financial adviser for Darden Restaurants, and Hunton & Williams LLP was the legal adviser.

Morgan Stanley & Co. LLC was the financial adviser for Cheddar's, while DLA Piper LLP (US) was the legal adviser.