This content is from: Premium

The Morning Brief: Starboard Puts More Pressure on Darden

Starboard Value’s Jeffrey Smith is once again turning up the heat on Darden Restaurants. The New York–based activist hedge fund manager, who previously announced plans to launch a proxy fight, raised his stake in the company to 7.1 percent. “We believe that Darden is substantially undervalued given the opportunities it

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content