Hedge fund Starboard Value LP has taken a 5.6 percent stake in Darden Restaurants Inc. and called for additional corporate restructuring steps from the casual-dining company — becoming the second activist investor to push for change at the Red Lobster and Olive Garden parent. In filings with the Securities and Exchange Commission Monday, New York-based Starboard said Darden’s plan to sell or spin off Red Lobster into a separate company “falls significantly short of the ...

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:Brian Galletta(813) 627-6722Brian.galletta@penton.comorDesiree Torres(813)-627-6792Desiree.Torres@penton.com

Already registered? here.