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Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:32 EDTDRIStarboard wants Red Lobster spin off vote by Darden shareholders, WSJ reports
Starboard Value LP, the activist hedge fund fighting Darden Restaurants' plan to spin off Red Lobster, is expected to today begin a plan that would have shareholders vote on a resolution telling the restaurant operator to halt any plans to shed the seafood chain unless they get to vote directly on the decision, according to a letter Starboard is sending to shareholders, seen by the Wall Street Journal. Reference Link
News For DRI From The Last 14 Days
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February 23, 2015
11:51 EDTDRIOpco reiterates Darden as a top idea after CEO news
Oppenheimer reiterates Darden as a top idea after the company removed the temporary status of CEO Gene Lee. Opco views the development as an incremental positive and reiterates an Outperform rating on the name.
08:12 EDTDRIDarden board appoints Eugene Lee to CEO effective immediately
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