Starboard's Jeffrey Smith Collects Olive Garden Bounty By Selling 40% Of Darden Shares |
| March 11, 2016 | March 2016 Bond Updates |
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Seventeen months after winning an unprecedented boardroom victory against Darden Restaurants, Jeffrey Smith of activist hedge fund Starboard Value is selling a big chunk of his stake in the company, which operates chains such as Olive Garden, Longhorn Steakhouse and The Capital Grille. Over the past month, Starboard has sold nearly 40% of its Darden stock. |
| View more at: http://www.forbes.com/sites/antoinegara/2016/03/10/starboards-jeffrey-smith-collects-olive-garden-bounty-by-selling-40-of-darden-holding/ |
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