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Fly News Breaks for November 7, 2019
DRI, BLMN
Nov 7, 2019 | 09:04 EDT
In light of Bloomin' Brands' (BLMN) announcement that it plans to explore strategic alternatives, Deutsche Bank analyst Brian Mullan took a look at what a hypothetical combination of Darden Restaurants (DRI) and Bloomin' might look like on paper. The analyst's math suggests such a deal would be accretive to Darden. He adds that Darden is the only logical buyer from a public-to-public perspective.
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