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Darden shareholder balks at Red Lobster spin-off
date:Apr 02, 2014
serious concerns as to managements true motives behind the Red Lobster separation, and we question whether their interests are aligned with shareholders, Starboard Value said in a filing with the U.S. Securities and Exchange Commission. A Red Lobster separation is irreversible and value could be permanently impaired a shareholder discussion must occur before any sale or spin-off of Red Lobster.

If Starboards request for a special meeting is approved, the investor group said it would seek to a

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