Barington Capital Group, L.P., which represents a group of shareholders that owns over 2% of the outstanding common stock of Darden Restaurants, Inc. (NYSE: DRI), will host an online presentation on January 30, 2014 at 11:00 a.m. (EST) to discuss its recommendations to improve long-term shareholder value at Darden and its concerns with Darden's recently announced plan. The 30-minute webcast will be moderated by Damien Park, the Managing Partner of Hedge Fund Solutions LLC and an expert in the area of shareholder activism.
Interested parties can register for the online presentation at: www.barington.com/webcast.html.
Questions may be submitted beforehand to email@example.com.
Barington Capital Group, L.P. is an investment firm that, through its affiliates, manages a value-oriented, activist investment fund that was established by James A. Mitarotonda in January 2000. The Fund invests in undervalued publicly traded companies that Barington believes could appreciate significantly in value as a result of a change in corporate strategy or from various operational, financial or corporate governance improvements. Barington's investment team, senior advisors and industry contacts are seasoned operating specialists, experienced in working with companies to design and implement initiatives to improve their financial and share price performance. Barington is a frequent investor in branded consumer focused companies, with prior investments in companies such as Lone Star Steakhouse, Dillard's, Warnaco, The Jones Group, Pep Boys, Steven Madden and Nautica.
On December 17, 2013, Barington released a detailed presentation setting forth its recommendations to improve long-term shareholder value at Darden. The release followed a month-long independent review of Barington's recommendations by Houlihan Lokey, the Barington Group's financial advisor. The presentation can be found on Barington's website at http://www.barington.com/press-releases.html.
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