Red Lobster

It's a rare scenario when someone conducting M&A due diligence becomes CEO of the company. But that’s exactly what happened when Mohaimina (Mina) Haque went from Tony Roma's legal advisor to overseeing the entire restaurant chain. In 2020, Tony Roma’s landed on the auction block...

Restaurant company Red Lobster is nearing an exit from Chapter 11 bankruptcy, which was announced earlier this year. What Happened: News of Red Lobster declaring bankruptcy prompted a mix of memories from consumers who had visited the restaurants over the year, including the world's richest...

When the venerable Red Lobster restaurant chain filed for bankruptcy and announced it would be closing dozens of locations, the news didn't come as a surprise. Red Lobster had been struggling for years and the filing came on the heels of a highly publicized, equally ill-fated "all-you-can-eat"...

Red Lobster, formerly the largest seafood restaurant chain in the world, officially filed for Chapter 11 bankruptcy protection on Monday. The chain, formerly owned by restaurant group Darden Restaurants Inc (NYSE:DRI), began auctioning off kitchen equipment at some locations, but does not plan to...

Serial entrepreneur and Tesla CEO Elon Musk expressed his sorrow over the bankruptcy filing of the popular seafood chain, Red Lobster. What Happened: Red Lobster has filed for Chapter 11 bankruptcy. This news follows the company’s announcement last week about its plans to shutter over 50...

What Happened: Red Lobster has filed for Chapter 11 bankruptcy protection, aiming to reduce its number of locations and find a buyer. The seafood chain has a stalking horse bid from its lenders to purchase the company unless a higher bid emerges, according to CNBC. The outlet reported last month...

When companies such as Darden Restaurants, Inc. (NYSE: DRI) that own restaurant locations spin the real estate out as REITs, how does that add value for shareholders? On Thursday, Morgan Stanley analyst John Glass and his team published "Restaurants and REITs" to help investors understand the...

Next year in addition to soup, salad, seafood and breadsticks, there will be a new item on the shareholder menu at $8.7 billion cap Darden Restaurants, Inc. (NYSE: DRI). Darden intends to spin-out a large percentage of its owned restaurants into a new REIT to be owned by shareholders. Darden...

American Realty Capital Properties Inc (NASDAQ: ARCP) on Monday hosted a conference call to discuss the delayed release of its Q4 and FY 2014 results. Additionally, ARCP posted a 24 slide presentation of financial highlights and a review of where the business currently stands. By the end of...

“This is as close as a businessman can get to the sort of feeling you might have if you were a pro athlete winning a third major in something,” said STORE Capital Corp (NYSE: STOR) CEO, Chris Volk. Speaking to Benzinga from New York where he and fellow STORE Capital executives...

Love them or hate them, activist investors have been making their presence known over the past five years, and it looks like 2015 will be no exception. This week, Trian Fund Management LP, led by activist investor Nelson Peltz, squared up for a standoff with E I Du Pont De Nemours And Co (NYSE:...

U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...

U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...

U.S. stocks were little changed as the second quarter comes to an end. Investors and traders are likely spending the last day of the quarter the same way they did to ring in the quarter: questioning the direction of the U.S. economy and wondering what is in store in the coming quarter. One...

A late day rally led markets higher to recover some value lost during Thursday’s sell off. Major Indexes The Dow Jones Industrial Average rose surged 44.5 points, or 0.27 percent to close at 16,491. The S&P 500 added 7.01 points, or 0.37 percent to close at 1,878. The Nasdaq rose 21....