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Darden to buy back $500 million in common stock shares

Company plans to receive 80% of total shares by October from transaction, using the proceeds from its Red Lobster sale

By Undercurrent News | July 31, 2014 16:48 BST
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Darden Restaurants is buying back $500 million of its common stock using the proceeds from its Red Lobster sale, having reached an agreement with Goldman, Sachs & Co. and Wells Fargo Bank, National Association for the transaction. [...]

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