Activist investor Barington Capital Group LP said Monday that Darden Restaurants Inc.’s December-announced plan to spin off Red Lobster falls short, especially in taking advantage of the company’s owned real estate. New York-based Barington, which represents a group of shareholders that owns more than 2 percent of Darden’s outstanding shares, said in a statement that it was “disappointed” with Darden’s plan, which also includes halting Olive Garden ...

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