Dardens Olive Garden weak amid fight for board control

Friday, June 20, 2014
Darden Restaurants Inc, battling an activist investor that wants to replace its entire board of directors, on Friday reported lackluster results at its flagship Olive Garden chain as it prepares to complete the sale of Red Lobster next month. Starboard Value LP launched its effort to replace Darden's board shortly after the restaurant operator's May 16 announcement that it planned to sell Red ...

 

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