Bonds backing Darden Restaurants traded sharply tighter this morning after the company announced the sale of its struggling Red Lobster business to Golden Gate Capital for $2.1 billion. The move may ... more 
Bonds backing Darden Restaurants traded sharply tighter this morning after the company announced the sale of its struggling Red Lobster business to Golden Gate Capital for $2.1 billion. The move may spare the company a fall from investment-grade borrowing status, analysts said today. The plan is designed to court favor with both restive shareholders and nervous lenders. less 
1 / 21
Wochit
Fri, May 16, 2014 2:51 PM EDT