date:Jan 23, 2014
companys shares, for Darden to create two independently managed, publicly-traded restaurant operating companies that would separate Olive Garden and Red Lobster from Dardens higher-growth brands of LongHorn Steakhouse, The Capital Grille, Yard House, Bahama Breeze, Seasons 52 and Eddie Vs Prime Seafood. Additionally, the group recommended that Darden transfer its real estate assets, valued at approximately $4.2 billion, into stand-alone, publicly-traded real estate investment trusts.
In a Jan.