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Posted on: June 24, 2015, 2:52 p.m.
About nine months after Starboard Value LP took control of the board of Olive Garden parent company Darden Restaurants Inc. (DRI), the chain has revealed plans to spin off its real estate. Orlando, Fla.-based Darden said it would transfer about 430 of its 586 restaurant-owned properties into a real estate investment trust. In addition, the restaurant chain announced it had expanded its existing program to sell and lease back 31 properties to include 75 units and that it expects to ... Full investment news article