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.
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.
The government alleged Guo peeled off investor funds to spend on luxuries including a $4 million Ferrari for his son and a $26 million New Jersey mansion.