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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
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 Desiree.Torres@penton.com