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Darden Restaurants Ensures 3 Board Seats For Starboard

By Natalie Rodriguez (July 28, 2014, 6:34 PM EDT) -- Hours after closing an embattled $2.1 billion deal to sell Red Lobster, Darden Restaurants Inc. also revealed on Monday that it would ensure the election of at least three board nominees backed by activist investor Starboard Value LP and that it will be splitting up its chairman and CEO roles....

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