mountain-lodge setting. In 2003, Seasons 52 was under development to "provide guests the opportunity to indulge while still eating well". Seasons 52 restaurants were only being opened in the Florida or Atlanta markets during its initial phase. Darden announced in January 2007 that the company was willing to expand by purchasing existing 100-location chains or even considering franchisors. By May, Darden indicated that its Smokey Bones division would be sold and/or shut down including the two Rocky River Grillhouse, the proposed replacement concept for Smokey Bones. In August, Darden acquired rival Atlanta-based restaurant holder Rare Hospitality for US$1.4 billion, gaining Rare's two chains, The Capital Grille and LongHorn Steakhouse. As part of the Rare acquisition, Darden set up its Specialty Restaurant Group to include Capital Grille, Bahama Breeze, and Seasons 52. In December, Darden announced that it would sell its Smokey Bones chain to Barbeque Integrated, Inc., an affiliate of Sun Capital Partners, Inc., for approximately $80 million. The sale was completed in January 2008. Expansion and ownership changes In 2010, Seasons 52 started a new expansion phase opening up in 11 more states over the next three years. In January 2011, Darden announced co-locating their Olive Garden and Red Lobster brands in smaller markets to share kitchen but continue separate menus and eating areas. As part of the February Darden analyst conference, an analyst indicated that the corporation may be targeting another restaurant chain for acquisition possibly one of BJ's, California Pizza Kitchen or Yard House. In October 2011, Darden acquired 2 chains, Eddie V's Prime Seafood and Wildfish Seafood Grille, for $59 million cash transaction and were placed within its Specialty Restaurant Group, Also in October, Darden signed an area development agreement with Americana Group of Kuwait to develop and operate at least 60 locations using the Red Lobster, Olive Garden and LongHorn Steakhouse concepts. In July 2012, Darden acquired the Yard House 39 location beer-centric chain for $585 million from TSG Consumer Partners. Yard House will be alongside the other upscale restaurants in Darden's Specialty Restaurant Group. On December 23, 2013, Darden's stock rose 3 percent after activist investor Starboard Value, a hedge fund, took a stake in the company. Red Lobster sale On December 19, 2013, Darden announced plans to sell or spin off the Red Lobster brand, citing pressure from stock investors. This was in direct response to the company spending US$100 million on a