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Stock Market & Financial Investment News

News Breaks
February 10, 2014
11:17 EDTDRIStarboard believes Red Lobster separation 'not in best interests' for Darden
In a letter to Daren CEO and the board, Starboard, with ownership of 5.5% of the company's stock, said it believes the plan to separate Red Lobster is not in the best interests of shareholders and could potentially destroy substantial value. Starboard said that "a number of shareholders" have expressed similar concerns for the plan and also believe a spin-off or sale of Red Lobster could result in "substantial shareholder value destruction." Starboard adds that it is "currently evaluating all options in furtherance of providing a means for shareholders to have their voices heard on the proposed Red Lobster separation prior to its completion. We are also prepared to take all steps necessary to hold the Board accountable for its actions, including nominating a majority slate of director candidates and seeking the support of our fellow shareholders to replace a majority of the Board at the 2014 Annual Meeting."
News For DRI From The Last 14 Days
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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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