Darden Restaurants fires shots at Starboard Value

|About: Darden Restaurants, Inc. (DRI)|By:, SA News Editor

Darden Restaurants (NYSE:DRI) claims Starboard Value has made misleading statements in regard to the sale of Red Lobster.

The company says the $2.1B deal price reps a premium multiple compared to other restaurant deals.

A final shot from Darden warns that if Starboard is successful in replacing the entire Darden board, investors could see the $2.20 annual dividend slashed or eliminated.