Activist investor Starboard Value LP urged Darden Restaurants Inc. on Tuesday to delay the spinoff or sale of its Red Lobster chain and to consider broader changes at the casual-dining company than those announced last month. New York-based Starboard, which represents about 5.5 percent of Darden’s shares, said in a letter to chairman and chief executive Clarence Otis that it would like the Orlando, Fla.-based company to look more closely at improving operations, cost-cutting and the ...
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?