1. Starboard Value blasts Darden’s plan to spin off Red Lobster

    Starboard Value blasts Darden’s plan to spin off Red Lobster

    Put on your bibs: the fight over Red Lobster is getting messier. An activist investor blasted a plan to spin off Red Lobster into its own, publicly traded company, saying...

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    1. We believe that not only is the decision to separate Red Lobster at this time a mistake, but that it is irreversible and could lead to substantial destruction of shareholder value.
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