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Sandra Pedicini
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Activist hedge fund Starboard Value has won enough votes to call for a special meeting of Darden Restaurants shareholders to weigh in on Red Lobster.
Hedge fund Starboard Value has received enough shareholder votes to call a special meeting where Darden Restaurants investors would weigh in on the fate of Red Lobster, a source familiar with the situation said today.
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Darden Restaurants says Starboard Value's campaign could cost the company millions of dollars, and urges shareholders to reject the hedge fund's call for a special meeting.
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Olive Garden unveils a $9.99 three-course Italian dinner.
Olive Garden has begun advertising a $9.99 three-course Italian dinner.
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Darden Restaurants cancels its annual investors meeting, saying it will meet with analysts individually instead. This comes as the company is under attack by two activist investors.
http://bit.ly/1fHhT0A
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Darden Restaurants warned restaurants of another disappointing quarter. Quarterly earnings expected to drop 20 percent.
http://bit.ly/1n1cstU
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Have her in circles
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Darden Restaurants is sued by shareholders including a Teamsters fund over its recent bylaw changes making it tougher for investors to push for changes.
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Starboard Value's latest adviser in its battle against Darden Restaurants:
Craig Miller, who was ousted from Ruth's Chris Steak House in 2008.
http://bit.ly/1kqKyXl
Former Ruth's Chris Steak House chief executive officer Craig Miller has joined activist hedge fund Starboard Value in its battle against Darden Restaurants .
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Former Olive Garden executive Bob Mock joins Starboard Value's fight against Darden Restaurants.
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Starboard Value has hired Michaels executive and Brinker alum Charles Sonsteby as an adviser in its battle with Darden Restaurants.
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Olive Garden today is unveiling its plan to revamp the brand. But does former Olive Garden president Brad Blum think he can do it better? Here's a look at how Starboard Value may be positioning him for a return to Darden Restaurants.
http://bit.ly/1n0YSa2
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Have her in circles
134 people
Richard Tribou's profile photo
Ron Ruggless's profile photo
Patrick McSweeney's profile photo
Steven Ford's profile photo
Mark Burginger's profile photo
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Orlando Sentinel restaurant/retail reporter
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Sandra Pedicini is an Orlando Sentinel reporter covering restaurants and retail.
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Sandra Pedicini, Orlando Sentinel, restaurant/retail reporter
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Orlando Sentinel restaurant/retail reporter
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