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Stock Market & Financial Investment News

News Breaks
December 19, 2013
07:11 EDTDRIDarden to separate Red Lobster business, take other restructuring steps
News For DRI From The Last 14 Days
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April 22, 2014
18:53 EDTDRIStarboard urges Darden not to separate Red Lobster prior to annual meeting
Starboard Value LP, one of the largest shareholders of Darden Restaurants, with ownership of approximately 5.5% of the outstanding common stock of the company, announced that it has delivered by letter to Darden written requests from the holders of more than 55% of the company's outstanding common stock to call a special meeting of shareholders. At the special meeting, Starboard will present a non-binding resolution urging the board of Darden not to approve any agreement or proposed transaction involving a Red Lobster separation or spin-off prior to the 2014 annual meeting of shareholders unless such agreement or transaction would require shareholder approval.
11:28 EDTDRIStarboard wins consent to call special Darden meeting, CNBC reports
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11:26 EDTDRIDarden has 60 days to call special meeting, CNBC reports
11:26 EDTDRIStarboard wins consent to call special meeting of Darden holders, CNBC reports
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09:51 EDTDRIStarboard CEO believes fund will win consent solicitation at Darden
Starboard Value is seeking consent to call a special meeting of Darden shareholders where holders would be asked to consider a non-binding resolution urging the Darden board not to approve any agreement or proposed transaction involving a Red Lobster separation or spin-off. Starboard Value CEO Jeffrey Smith is speaking on CNBC.
April 13, 2014
16:04 EDTDRIDarden sued by investors on corporate bylaws, WSJ says
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April 11, 2014
13:45 EDTDRIDarden responds to ISS, Glass, Lewis reports
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