The Del Frisco’s Double Eagle Steakhouse bar menu has powered up with new additions, including Alaskan King Crab Cocktail, Salmon Crudo and Corndog Battered Lobster Tails. Cheesesteak Eggrolls and Dry-Aged Burgers round out the bar menu that is featured prominently at locations nationwide. Meanwhile, the chain’s chefs created specially-curated, localized dishes for targeted use in different markets
Del Frisco’s Restaurant Group has reached a cooperation agreement with Engaged Capital, an activist investor that has demanded the company review a possible sale of parts of the company and strategic decisions surrounding its restaurant chains. In late December, Del Frisco’s began a strategic review in response to the activist investor’s demand. As part of this recent cooperation agreement with Engaged Capital, Del Frisco’s has also agreed to add a new board member, aligned with Engaged Capital, to the company’s Board of Directors, and will now terminate its poison pill shareholder rights plan.
Del Frisco’s Restaurant Group (DFRG) announced today that it will complete a strategic review, including the possible sale of the company after activist investor Engaged Capital urged the company to review strategic alternatives in a December 6 letter. The move comes the same year Del Frisco’s unloaded Sullivan’s Steakhouse, which was purchased by Romano’s Macaroni Grill, and acquired Barteca Restaurant Group in June.
