Darden Restaurants, Inc. (NYSE:DRI)'s move to separate its Red Lobster chain would deprive the parent company of almost half of its real estate, activist investor Starboard Value LP said today.
The activist investor’s Chief Executive Officer was speaking at the Active-Passive Investor Summit in New York.
Meanwhile, citing known sources, CNBC has just reported that Starboard Value LP has won the consent of 54% of Darden Restaurant’s shareholders to call a special meeting.
Starboard pushes to abandon ill-conceived plan
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
Already a member? Log in here
