Red Lobster Release Not Enough, Activist Investor Tells Darden - forbes.com -BoardProspects

Red Lobster Release Not Enough, Activist Investor Tells Darden

forbes.com Dec 23 2013 BoardNews

Restaurant operator Darden Restaurants may think releasing Red Lobster into the wild will help its bottom line, but according to an activist stance by Jeffrey Smith's investment firm Starboard Value, shedding Red Lobster isn't enough to turn Darden's operations around...
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Quotes
1. This is of particular concern given that Olive Garden will comprise the substantial majority of Darden's consolidated earnings and be the key credit support for the company, which will be less diversified and smaller in scale post the divestiture of Red Lobster.
Topics Mentioned
- CEO
- SEC
- Investment
Authors
- Maggie Mcgrath, Forbes Staff
- Maggie Mcgrath