Barington Capital Pushes Darden To Split

Activist investor Barington Capital urges Darden Restaurants, Inc. (NYSE:DRI) to split into two separate companies.

Hedge fund Barington Capital Group LP is pushing Darden Restaurants, Inc. (NYSE:DRI) to separate its Red Lobster and Olive Garden chains from the rest of its restaurant business.

Darden Restaurants Post Poor Results

Last month, Darden Restaurants, Inc. (NYSE:DRI) posted weak first quarter results for the fiscal year 2014. The company suffered a 37.6 percent decline in net earnings from continuing operations after generating $70.3 million or $0.53 per share.

New York-based Barington Capital,...