Hedge Fund News From HedgeCo.Net

Activist Pushing for Change at Darden Hires Outside Advisers

NYT – The activist hedge fund pushing for change at Darden Restaurants signaled on Thursday that it was ramping up its pressure.

Barington Capital, which it owns over 2 percent of the restaurant group’s shares, announced that it has hired the investment bank Houlihan Lokey to conduct “an independent review” of its recommended changes to the company’s strategy.

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