- Barington Capital is pushing hard at Bloomin' Brands (BLMN +6.7%), recommending the company make operating improvements, cut costs and separation Outback Steakhouse via a spinoff.
- Bloomin' Brands' response to the activist call is posted below.
- "Bloomin' Brands welcomes open communications with shareholders and constructive input that may advance the Company's goal of enhancing value. The Bloomin' Brands Board of Directors and management team have a record of taking deliberate actions to drive long-term value creation and will continue to take actions to advance this objective. We will be releasing fourth quarter earnings and full-year results tomorrow on February 22, 2018. Following the release of our 2017 earnings and our 2018 guidance, we look forward to continuing to engage with our shareholders to advance our common goal of further enhancing value."
- Source: Press Release
- Now read: Everybody's A Burrito Expert (Podcast)
Original article