Hedge Fund Ramps Up Pressure On Olive Garden Owner

Law360, New York (November 21, 2013, 5:31 PM EST) -- The hedge fund that wants Darden Restaurants Inc., parent of Olive Garden, to split into two companies cranked up the pressure Wednesday by announcing that it tapped investment bank Houlihan Lokey to evaluate options for the business.

New York-based Barington Capital Group LP, which holds a 2 percent stake in Darden, said Houlihan would independently review Darden's business and offer recommendations ahead of a shareholder presentation. The activist investor also hired MacKenzie Partners Inc., a proxy solicitor, suggesting it anticipated a fight for change at the...
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