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Darden’s plan misses mark, says shareholder group
date:Jan 14, 2014
Darden Restaurants plan to spin-off Red Lobster and suspend unit growth for Olive Garden failed to satisfy a group of shareholders urging for a different split.

Barington Capital Group, L.P., which owns more than 2% of the outstanding common stock of Orlando, Fla.-based Darden Restaurants, Inc., recommended in a Sept. 23 letter the casual-dining operator create two independently managed, publicly-traded restaurant operating companies that would separate Olive Garden and Red Lobster from Dardens

12/25 19:23