Seeking Alpha

Starboard value pressures Darden Restaurants

  • Starboard Value wants to have shareholders of Darden Restaurants (DRI) vote at a special meeting on the company's plan to spin off Red Lobster.
  • The hedge fund needs to win support of a majority of the shareholders in the next 60 days to force Darden to schedule the meeting.
  • Starboard, which owns a 5.5% stake in the restaurant operator, would like to see Darden spin off more chains than just the one.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: