Executives at Darden Restaurants Inc. continued to stand by their plans to spin off or sell the struggling Red Lobster brand and declined to budge in their battle with activist investors during a call with analysts on Friday. The Orlando, Fla.-based company, which also owns the Olive Garden, LongHorn Steakhouse and other casual-dining brands, has been under pressure from Starboard Value LP and Barington Capital Group LP to take more dramatic steps beyond the Red Lobster spinoff, first ...
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Contact: Desiree Torres Desiree.Torres@penton.com