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Darden Uses Red Lobster Sale To Cut $900M In Debt

By Chelsea Naso (August 12, 2014, 3:24 PM EDT) -- Darden Restaurants Inc. eliminated $900 million in debt and kicked off a $500 million share repurchase program with proceeds from its sale of Red Lobster, lauding the move as proof of the restaurant chain operator's financial strength despite fierce criticism from activist investors....

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