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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2014-03-31 00:00:00",
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  "notes": "The slide uses strong, emotive language ('wrong spin-off', 'value destructive', 'irreversible') to frame the management's proposal as a threat to shareholder value.",
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      "text": "A Red Lobster Separation is irreversible and value could be permanently impaired – a shareholder discussion must occur before any sale or spin-off of Red Lobster.",
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      "text": "Management's plan to spin off Red Lobster is the wrong spin-off, at the wrong time, for the wrong reasons.",
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      "text": "Timing concerns: The Company is attempting to rush through a separation during its worst period of performance.",
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      "text": "Real estate concerns: By separating Red Lobster with its real estate, approximately $850 million of value could be destroyed.",
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