date:May 23, 2014
der value destruction.
A Darden spokesman said in an email that the board would consider the Starboard nominations in due course.
Darden, which also operates Olive Garden, LongHorn Steakhouse and Capital Grille restaurants, has said it will file a preliminary proxy statement later this month for the requested meeting and will convene it as promptly as practicable.
In a letter to shareholders, Starboard said that because of the tax-inefficient way the deal was structured, Darden netted only $1