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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

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28 Jun 2016
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Tue, May 24 2016

BRIEF-Starboard Value cuts stake in Darden Restaurants to 4.8 pct from 5.2 pct

* Starboard Value Lp reports 4.8 pct stake in Darden Restaurants Inc as of May 20, 2016; Starboard had previously reported a 5.2 pct stake in co - SEC filing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

Activists call on Darden to limit antibiotics, boost worker pay

LOS ANGELES Dozens of activist groups, emboldened by recent policy shifts at major U.S. restaurants, are demanding that Olive Garden owner Darden Restaurants Inc change its food and labor practices.

Activists call on Darden to limit antibiotics, boost worker pay

LOS ANGELES, May 12 Dozens of activist groups, emboldened by recent policy shifts at major U.S. restaurants, are demanding that Olive Garden owner Darden Restaurants Inc change its food and labor practices.

Starboard's Jeff Smith resigns as Darden chairman

Olive Garden owner Darden Restaurants Inc's chairman, Jeffrey Smith, head of Starboard Value LP, has resigned 18 months after engineering the ouster of the company's board.

UPDATE 2-Starboard's Jeff Smith resigns as Darden chairman

* Shares down 3.4 pct (Adds analysts comments, details; updates shares)

BRIEF-Darden Restaurants says board approved new compensation arrangements for CFO Ricardo Cardenas

* Board approved new compensation arrangements for Ricardo Cardenas, senior vice president and chief financial officer

BRIEF-Darden Restaurant says Jeffrey Smith to resign from board of directors

* Darden announces resignation of Jeffrey Smith from board of directors; Charles Sonsteby elected chairman

Starboard's Jeff Smith resigns as Darden chairman

April 5 Darden Restaurants Inc, owner of the Olive Garden chain, said Chairman Jeffrey Smith, head of activist investor Starboard Value LP, has resigned from the company's board.

BRIEF-Darden Restaurants sets quarterly cash dividend of $0.50 per share

* Sets regular quarterly cash dividend of $0.50per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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