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Starboard Value wants that special meeting at Darden Restaurants

  • Starboard Value is getting antsy that Darden Restaurants (DRI +0.1%) hasn't called a special meeting despite receiving notice a majority of shareholders approve the action.
  • In a letter to the board, Starboard hints a proxy fight for board seats is around the corner.
Comments (2)
  • The Retired one
    , contributor
    Comments (182) | Send Message
     
    Darden Restaurants (DRI
    Not really worth the time after all these years.
    9 May, 01:34 PM Reply Like
  • CMPMD
    , contributor
    Comments (94) | Send Message
     
    As a dividend growth investor who's less concerned with growth than income, I keep trying to talk myself into selling my DRI stock, but then the dividend $tatement from my ~ 850 shares arrives in the mail like it did from my broker today, and suddenly I'm willing to hold on for a while longer.

     

    There's no doubt that a hard rain might yet fall on those of us holding DRI, but there's also the potential that once the drama resolves what emerges from all this tension could be a leaner and meaner co. (companies?) with new management and a bright future. After all, isn't that "potential" why Starboard and Barrington are all atwitter about Darden?

     

    (Still) long DRI.
    9 May, 04:51 PM Reply Like
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