- Darden Restaurants (DRI -0.7%) aims to continue with its planned spin-off of Red Lobster despite renewed criticism by Starboard Value and Barrington Group.
- The company writes, "While we appreciate the views of our shareholders, we have completed a comprehensive evaluation of alternatives [...], including those suggested by Starboard and others. [...] We believe the comprehensive plan we announced in December is in the best interest of all Darden shareholders, and we are moving forward with that plan."
Darden unfazed by criticism, intends to continue with Red Lobster spin-off
Jan 21 2014, 14:22 ET