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Darden OKs Starboard Nominees To Prevent $750M Default

By Jamie Santo (July 25, 2014, 9:04 PM EDT) -- Facing the possibility that an upcoming proxy fight could lead to a default under a $750 million credit agreement, Darden Restaurants Inc.'s board has approved and nominated the slate of director nominees proposed by Starboard Value LP, though it doesn't recommend voting for them, according to a Friday regulatory filing....

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