Red Lobster Deal Sparks Darden Board Proxy Battle

Red Lobster Deal Sparks Darden Board Proxy Battle Play

May 22 (Bloomberg) -- Bloomberg’s Cristina Alesci reports on the proxy battle started by Darden Restaurant investor Starboard over the company’s deal to sell the Red Lobster chain to a private equity firm for $2.1 billion. Starboard is seeking the removal of the entire Darden board and to block the sale of the chain to Golden Gate Capital. She speaks on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)

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