Private equity firm hauls in Red Lobster
date:May 19, 2014
onversations with our shareholders about Darden and the companys strategic direction, said Clarence Otis, chairman and chief executive officer of Darden. By enabling us to bolster the companys financial foundation and increase our focus on the Olive Garden brand renaissance program, we believe this agreement addresses key issues that our shareholders have raised, including the need to preserve the companys dividend and regain momentum at Olive Garden.
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