Darden Restaurants is selling Red Lobster -- and investors aren't buying it.
Today on Investor Beat, Chris Hill and Motley Fool analyst Ron Gross explore Darden's recent decision to sell Red Lobster to a private equity firm for $2.1 billion dollars. Chris offers that Darden wanted to spin-off Red Lobster back in December to push up the stock price, yet Darden's stock fell today. Ron explains that investors had hoped for more from a deal, and see the dip in stock price as confirmation of unrealized hopes.
Chris Hill has no position in any stocks mentioned. Ron Gross has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.