Darden Announces Sale of Red Lobster to Golden Gate Capital for $2.1 Billion

Darden Announces Sale of Red Lobster to Golden Gate Capital for $2.1 Billion (via PR Newswire)

Proceeds to Support Approximate $1.0 Billion Debt Reduction and New Share Repurchase Program of Up to $700 Million Company to Maintain Current Dividend Updates Operational Support and Cost Savings Initiatives ORLANDO, Fla., May 16, 2014 /PRNewswire/ — …