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Stock impact report

Red Lobster Creditors to Weigh Bid for Assets in Chapter 11 [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
seizing control of the seafood restaurant chain, according to people familiar with the matter. Most Read from Bloomberg Slovak Premier Fighting for Life After Assassination Attempt China Considers Government Buying of Unsold Homes to Save Property Market US Inflation Ebbs for First Time in Six Months in Relief for Fed S&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets Wrap How One of the World's Oldest Hedge Funds Went Bankrupt One possibility would be in the form of a credit bid, which allows lenders to use debt they're owed toward an asset purchase, said the people, who asked not to be identified discussing a private matter. Discussions are ongoing and no final decision has been made, they said. Bloomberg News reported in April that Red Lobster was mulling a bankruptcy filing as cash flow has been hurt by onerous leases and labor costs, among other issues. That filing could come as soon as next week, the people said. Some of the people added Red Lobster has b Show less Read more
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