Del Frisco's Restaurant Group, Inc. was an American steakhouse restaurant chain company which focuses on steaks. The company was founded in 1981 and became public in 2012. Del Frisco's Restaurant Group operated Del Frisco's Grille and Del Frisco's Double Eagle Steak House in the United States.[1][2][3] Market capitalization at the end of 2017 was US$327.84M.[4]
History
On September 21, 2018, Del Frisco's sold Sullivan's Steakhouse to Romano's Macaroni Grill for 32 million dollars (USD).[5]
In June 2019, Del Frisco accepted an offer from L Catterton in the vicinity of $650 million cash. L Catterton will also purchase Del Frisco stock for $8.00 a share,[6] as June 26, 2019, the closing price of Del Frisco stock was $7.94.[7]
In September 2019, Landry's acquired Del Frisco's Restaurant Group for around $650 million.[8]
External links
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References
- Ron Ruggless. Del Frisco's scales back planned openings Nation's Restaurant News, Mar 12, 2019, retrieved March 12, 2019^
- Del Frisco's Restaurant Group - 2017 Annual Report Del Frisco's Restaurant Group, retrieved September 19, 2018^
- Del Frisco's Restaurant Group Inc. New York Times, retrieved 2015-09-14^
- Del Frisco's Restaurant Group Inc Market Cap YCharts, retrieved 2018-10-17^
- Romano's Macaroni Grill Buys Sullivan's Steakhouse in $32M Deal Hospitality Technology, 24 September 2018, retrieved March 12, 2019^
- Gloria Dawson. Del Frisco's to be acquired by L Catterton Nations Restaurant News, June 24, 2019, retrieved June 26, 2019^
- Snapshot:DFRG Fidelity Investments, June 26, 2019, retrieved June 26, 2019^
- Joanna Fantozzi. Landry's buys Del Frisco's Grille and Double Eagle Steakhouse Nations Restaurant News, September 25, 2019, retrieved September 30, 2019^