darden restaurants

Darden’s Spinoff Move A ‘Bad Idea’: Starboard

Darden Restaurants, Inc. (NYSE:DRI)'s move to separate its Red Lobster chain would deprive the parent company of almost half of its real estate, activist investor Starboard Value LP said today.

The activist investor’s Chief Executive Officer was speaking at the Active-Passive Investor Summit in New York.

Meanwhile, citing known sources, CNBC has exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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