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Why Chuy's Holdings Shares Are Trading Higher By 47%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Jul 18 18:00

Shares ofChuy's Holdings, Inc. (NASDAQ:CHUY) rose sharply in today's pre-market trading after the company andDarden Restaurants, Inc.(NYSE:DRI) jointly announced that Darden will acquire Chuy's Holdings.

Chuy's Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy's outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million.

Chuy's Holdings shares jumped 47.4% to $37.27 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

  • Onconetix, Inc. (NASDAQ:ONCO) gained 65% to $0.2458 in pre...
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