Hedge Fund Again Urges Olive Garden Parent To Reshape Biz

Law360, New York (December 17, 2013, 12:00 PM EST) -- The hedge fund that has criticized Olive Garden parent Darden Restaurants Inc. on Tuesday formalized its calls for the company to divide its restaurant business and spin out its $4 billion real estate portfolio.

New York-based Barington Capital Group LP outlined its proposal in an 85-page presentation, to date its most exhaustive look at Darden's slow-going business. Though it provided more detail, the hedge fund basically stuck to the framework it has championed for months: Darden should funnel its eight restaurant units into two separate companies...
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