Starboard files preliminary solicitation for meeting of Darden shareholders In a letter to Darden shareholders, Starboard said it was disappointed that Darden board and management have "ignored" shareholder concerns regarding the Red Lobster separation. Starboard said it believes it is "critical for shareholders to have the right to review and approve any proposed Red Lobster separation." It called for a special meeting that would give shareholders an opportunity to voice their "dissatisfaction" with the proposed Red Lobster separation.
Opco 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.