Activist shareholders continue to oppose the proposed sale of Red Lobster by Darden Restaurants Inc., calling the deal “grossly misleading” in its valuation. Orlando, Fla.-based Darden said last week that it had agreed to sell its Red Lobster chain to private-equity firm Golden Gate Capital for $2.1 billion in cash. Darden expects to net about $1.6 billion after taxes and transaction costs, of which about $1 billion would go toward retiring debt. The remainder would go toward ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.


Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Questions about your account or how to access content? 

Contact: Desiree Torres 

Already registered? here.