NEW YORK, Jan. 21, 2014 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Darden Restaurants, Inc. ("Darden" or the "Company") (NYSE : DRI ), with ownership of approximately 5.5% of the outstanding common stock of the Company, today announced that it has delivered a letter to the Company's Chairman and CEO, Clarence Otis, and the Company's Board of Directors.
The full text of the letter is available for viewing at the following link: http://tinyurl.com/Starboard-Letter-to-Darden
About Starboard Value LP
Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing in publicly traded U.S. small cap companies. Starboard invests in deeply undervalued small cap companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
SOURCE Starboard Value LP