Darden accused of icing out critics of Red Lobster spinoff
Red Lobster News By James Covert
Red Lobster in Times Square
Photo: Angel Chevrestt
The struggling seafood chain’s corporate parent Darden Restaurants wants to spin off Red Lobster into a separate company, but critics claim that some analysts and investors are being stonewalled after questioning the plan.
Rockport Romance Dinner for Two
Clam Chowder with oyster crackers. Two 1 1/2 pound
Live Maine Lobsters. And an assortment
of Harbor Sweets chocolate
Starboard Value LP, a New York hedge fund that owns 5.5 percent of Darden shares, blasted the Red Lobster spinoff last month as an inadequate strategy for boosting the company’s shares. Read more
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