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Activist Pushes for Split of Darden Restaurants

Business News & Financial News

An activist investor is hungry for change at Darden Restaurants Inc. DRI +7.11%.  Hedge fund Barington Capital Group LP, along with other investors, has taken a 2.8% stake in Darden, the owner of Olive Garden, Red Lobster and six other restaurant chains. The fund is pushing for Darden to form two separate companies, among other changes, according to people familiar with the matter...

Mentions: Public Companies Investors Hedge Fund