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Darden Shareholders “Disappointed” with Red Lobster Transaction


NEW YORK — Darden Restaurants shareholders say they aren’t happy with the Orlando, Fla.-based company’s deal with Golden Gate Capital to sell Red Lobster for $2.1 billion.

Darden Sells Red Lobster


ORLANDO, Fla. — Months after announcing it was pondering the future of its troubled Red Lobster brand, Darden Restaurants has agreed to sell the casual-dining chain to Golden Gate Capital, a San Francisco-based private equity investment firm, for $2.1 billion.