Darden Restaurants Inc. and its two activist investors sparred this week in competing federal filings and letters as they dug in their positions in the unfolding battle over board seats. All 12 of Orlando, Fla.-based Darden’s board seats are up for election at the approaching Sept. 30 annual shareholder meeting, with investor Starboard Value L.P. putting forth a full slate of directors and Darden offering the activist three seats. In the wake of the July 28 sale of 706-unit Red ...
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Contact: Desiree Torres Desiree.Torres@penton.com