Darden investor wins backing for vote on Red Lobster spinoff (CNBC) The hedge fund Starboard Value on Tuesday won consent from 54 percent of Darden shareholders to call a special meeting, sources familiar with the issue told CNBC. That gives the restaurant company a 60-day deadline to call the meeting and consider a nonbinding shareholder proposal. Starboard is run by activist investor Jeffrey Smith, who has been waging a public campaign to keep Darden from spinning off its Red Lobster ...
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Contact: Desiree Torres Desiree.Torres@penton.com