Darden to Starboard: Olive Garden revamp underway

Darden to Starboard: Olive Garden revamp underway

The operator responds to the activist investor’s report suggesting detailed operational changes.

Activist shareholder Starboard Value L.P. is escalating its campaign to replace the entire 12-member Darden Restaurants Inc. board, issuing late Thursday a detailed 294-page report called “Transforming Darden Restaurants.”

As Orlando, Fla.-based Darden released earnings Friday for its Aug. 24-ended first quarter

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