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Starboard Wins All Seats on Darden’s Board

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Darden Restaurants Inc., owner of the Olive Garden, lost a more than nine-month battle against Starboard Value LP, which persuaded investors to replace the company’s entire board at its shareholder meeting today.

Investors voted for the 12 directors at Darden’s annual meeting in Orlando, Florida, where the company is based, according to a statement. They include Bradley D. Blum, a former chief executive officer of Burger King, and Jean Birch, a former IHOP president.