Good evening, everybody--sorry to be late in posting, but I was asked at the last minute to take on a class this afternoon. Just finished.
Anyway, here is a link to a news story that's about sort of the opposite of the Sysco Corp.story we read last week: that one was about a bigger company buying a smaller one, while today's is about a larger conglomerate selling off one of its companies--the well-known Red Lobster restaurant chain.
There's also another interesting aspect to the story: the role of a hedge fund (a large investment firm) in forcing the sale of Red Lobster.
Read the story, be ready to summarize it as well as you can---and note whatever questions you have--and we'll discuss those things tomorrow.
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