Red Lobster: for the seafood lover with a spare $2.1 billion
May 16th, 2014
10:30 AM ET
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Darden Restaurants inked a $2.1 billion deal on Friday to unload its struggling Red Lobster business to Golden Gate Capital.

Golden Gate may be able to inject some new life into Red Lobster, but the deal is likely to rile up Darden investors. Shares fell nearly 3% in early trading.

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