Ditching Red Lobster Will Be Great for Darden Restaurants

As the two largest casual-dining chains owned by Darden Restaurants  (NYSE: DRI  ) , Olive Garden and Red Lobster are often mentioned by investors in the same breath. But that's all about to change, thanks to what Darden, on Thursday, dubbed its "comprehensive plan to enhance shareholder value."

As the Fool's Steve Symington explains in the following video, the plan's first bullet point was surprisingly titled, "Separate the company's Red Lobster business," and outlines Darden's plans to either sell Red Lobster or implement a tax-free spinoff of the popular chain.

To understand why Darden has decided to purge its second-largest chain -- and why the move would be great for shareholders -- check out Steve's full take in the video below.

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