Private equity firm Golden Gate Capital is going to buy seafood chain Red Lobster for USD 2.1 billion, Darden Restaurants said. Darden Restaurants had put Golden Gate Capital, its oldest but worst performing segment, on sale in December. Darden also includes Olive Garden, LongHorn Steakhouse, Bahama Breeze, Capital Grille and Seasons 52. According to the company, the deal will get about … [Read more...]