Hedge fund Starboard Value LP has taken a 5.6 percent stake in Darden Restaurants Inc. and called for additional corporate restructuring steps from the casual-dining company — becoming the second activist investor to push for change at the Red Lobster and Olive Garden parent. In filings with the Securities and Exchange Commission Monday, New York-based Starboard said Darden’s plan to sell or spin off Red Lobster into a separate company “falls significantly short of the ...
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Contact: Desiree Torres Desiree.Torres@penton.com