Starboard Value to launch proxy board to take over Darden board, WSJ reports Activist investor Starboard Value is launching a proxy fight to take over the board of Darden Restaurants, sources tell the Wall Street Journal. The move comes after Darden's board agreed to sell Red Lobster, rejecting Starboard's calls for a three-way split-up of the company. Reference Link
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.