1. Starboard Pares Darden Stake by 11%

    Starboard Pares Darden Stake by 11%

    Activist investor Starboard Value LP has pared its stake in Darden Restaurants Inc. by about 11%, looking to take advantage of the "significant appreciation" in the restaurant owner's stock price. In a regulatory filing, Starboard said it intends to remain a large shareholder in Darden. Darden's shares have gained about 16% in the past 12 months...

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