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Source: Darden. Overshadowing Darden's results was the announcement that the company signed a two-year exclusive deal with Uber Eats for it to be Olive Garden's third-party delivery service.
It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering ...
Darden Restaurants (NYSE:DRI) reported earnings per share of $1.34 for its fiscal first quarter of the year. This is an increase over the company’s earnings per share of 99 cents from the same ...
An asset purchase agreement (APA) is an agreement between a buyer and a seller that finalizes terms and conditions related to the purchase and sale of a company's assets. [1] [2] It is important to note in an APA transaction, it is not necessary for the buyer to purchase all of the assets of the company. In fact, it is common for a buyer to ...
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. [1] Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. [ 2 ]
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Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
With shares down 20% this year, and its dividend yield approaching 5%, Darden Restaurants, is showing up on more value investors' radars. But there are some good reasons to avoid the stock ...
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