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$2.1B for coconut shrimp? Red Lobster sold

Private equity firm Golden Gate buys Red Lobster from Olive Garden owner Darden Restaurants for $2.1 billion. That's a lot of cheddar biscuits. What does the deal mean for investors and fans of Red Lobster's endless shrimp fests?

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CNNMoney assistant managing editor Paul LaMonica highlights the latest news from Wall Street and what's moving the markets in his daily investing commentary.