Investors in Darden Restaurants have voted in favor of a high-stakes meeting that could ultimately halt the company's plans to spin off or sell Red Lobster, according to a hedge fund calling for the meeting.
Hedge fund Starboard Value said Tuesday evening that owners of more than 55 percent of Darden's stock have voted for the special meeting. Starboard said it wants Orlando-based Darden to hold the meeting by early July and let shareholders know the date by 6 May.
Darden had urged investors to reject the idea.
