(BBC) Darden Restaurants has sold its struggling Red Lobster chain of seafood restaurants to private-equity firm Golden Gate Capital for $2.1bn (£1.2bn).
Several activist investors have opposed the move.
They have argued for a larger restructuring of Darden, which also owns the Olive Garden restaurant chain.
Profits at Red Lobster have been hit by rising shrimp prices.
Shares in Darden slumped more than 4% on news of the sale.