Tag Archives: Darden Restaurants

Red Lobster Chain Sold For 2.1 Billion

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Orlando, Florida based Darden Restaurants, Inc. has announced that it will sell Red Lobster to the private equity firm Golden Gate Capital in a $2.1 billion cash deal.The move comes at the heels of...

Red Lobster Release Not Enough, Activist Investor Tells Darden

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Restaurant operator Darden Restaurants may think releasing Red Lobster into the wild will help its bottom line, but according to an activist stance by Jeffrey Smith’s investment firm Starboard Value...