Activist investor looks to overthrow Darden board

Activist investor looks to overthrow Darden board

Starboard Value proposes a plan to replace all 12 directors on the current board after dissatisfaction with the Red Lobster deal.

Activist investor Starboard Value L.P. put forth a plan on Thursday to replace all 12 directors on Darden Restaurant Inc.’s board with its own slate, which includes several restaurant industry veterans.

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