Hostile hedge fund Starboard boosts stake in Darden to 7.1%

Orlando Sentinel – Starboard Value, a hedge fund with a hostile plan to replace Darden Restaurant’s board and management, has been buying more Darden stock.

Starboard’s ownership surge – now 7.1 percent, up from 6.2 in May – comes as the hedge fund has been blasting the current company leadership for allegedly devaluing the company.

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