Activist wants to split the company into 2 entities. One would consist of just Red Lobster and Olive Garden.
Good luck with that happening.
Stock is already giving back most of the close to $5/share gain that happened right after the news broke.
who is barington capital. $70 Mil in holdings hedge fund with nine listed positions.
short the spikes until this pig is dead
what happened, you crybaby, did the $5 spike blow up your short position? Here comes your margin call, you aszhole.
This rally won't hold. Activist playbook 101: always split up the company. That creates value. Double the SG&A, reduced purchasing power, higher leverage.