Darden Restaurants Inc.’s net income for the fourth quarter ended May 25 fell 35.1 percent, the company reported Friday, which included charges related to the pending sale of the 706-unit Red Lobster brand. The Orlando, Fla.-based casual-dining company said it planned to complete the planned $2.1 billion sale of Red Lobster to private equity firm Golden Gate Capital in July. Activist investors have opposed the sale. The 65 cents in quarterly earnings per share included 36 cents ...
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Contact: Desiree Torres Desiree.Torres@penton.com