Tag Archive | Red Lobster sold

Darden Announces Leadership Succession Plan

Darden Restaurants, Inc. (NYSE: DRI) today announced that Clarence Otis is stepping down as Chairman and Chief Executive Officer of the Company.  Darden’s Board of Directors has appointed the Company’s current Independent Lead Director, Charles A. Ledsinger, Jr., as Independent Non-Executive Chairman of the Board, effective immediately.  The Company also […]

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Darden Completes Sale Of Red Lobster To Golden Gate Capital

Darden Positioned to Improve Operations, Reduce Costs and Focus on Value-Creating Opportunities Darden Restaurants, Inc. (NYSE: DRI) and Golden Gate Capital today announced that Golden Gate has completed the acquisition of the Red Lobster business and certain other related assets and assumed liabilities for approximately $2.1 billion in cash. The […]

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Darden Announces Sale of Red Lobster to Golden Gate Capital for $2.1 Billion

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash. Darden expects to receive net cash proceeds, after tax and transaction costs, […]

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