Darden Restaurants Inc.’s plan to sell its 706-unit Red Lobster division to San Francisco-based private equity firm Golden Gate Capital for $2.1 billion drew swift criticism from activist investors. Orlando, Fla.-based Darden made the announcement early Friday morning, and by midday, activist investor Starboard Value L.P., which, along with Barington Capital L.P., had pressed for steps beyond the Red Lobster spinoff, said it had serious questions about the deal. Restaurant analysts ...
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