News: Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

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4 May 2015
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Fri, Mar 20 2015

UPDATE 4-Darden seeks property deals, Olive Garden turnaround

March 20 - Darden Restaurants Inc said on Friday it was seeking to "create value" from its real estate, as management installed after last year's activist investor-led coup reported continued traffic declines at its flagship Olive Garden chain.

CORRECTED-UPDATE 3-Darden seeks property deals, Olive Garden turnaround

March 20 - Darden Restaurants Inc said on Friday it was looking for ways to "create value" from its real estate, as management installed after last year's activist investor-led coup reported continued traffic declines at its flagship Olive Garden chain.

BRIEF-Olive Garden parent Darden says exploring all real estate options

LOS ANGELES, March 20 - * Darden Restaurants Inc exploring options for real estate, including sale and leaseback deals * Darden says has secured letters of intent or contracts on the majority of 31 listed properties at cap rates well below 6 percent * Darden has listed its Orlando, Florida, headquarters, options include sale and leaseback * Darden says real estate proceeds will be used to repay debt and improve credit profile * Darden says has identified $90-$100 mln of potential cost

Darden interim CEO Eugene Lee to take over top job

- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

UPDATE 1-Darden interim CEO Eugene Lee to take over top job

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

Darden Restaurants names Eugene Lee as CEO

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

Hedge fund Barington proceeds with proxy contest at OMNOVA: filing

BOSTON - Hedge fund Barington Capital Group filed preliminary proxy statements with the U.S. Securities and Exchange Commission and is proceeding with a proxy contest to elect three alternative directors to the board of OMNOVA Solutions, the documents show.

UPDATE 2-Starboard intervention helps boost Darden sales

* Q2 adj earnings/shr $0.28 vs. Est. $0.27 (Adds details from conference call, share milestone)

Darden sales rise on growing demand at Olive Garden

- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year.

Darden sales rise on growing demand at Olive Garden

Dec 16 - Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales as demand rose at its flagship Olive Garden chain.

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