date:Mar 05, 2014
2% of the companys shares, pushed for Darden to create two independently managed, publicly-traded restaurant operating companies that would separate Olive Garden and Red Lobster from the operators higher-growth brands.
During the call, Darden addressed alternative considerations, including the spin-off of Olive Garden and sale of real estate.
We have also considered options for S.R.G. (specialty restaurant group) and LongHorn Steakhouse as other potential separation candidates, said Brad Ric