Darden Restaurants Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap Blend
Company profile

Darden Restaurants, Inc. is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company's segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V's Prime Seafood and Wildfish Seafood Grille (Eddie V's)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements. Olive Garden's menu includes a range of authentic Italian foods featuring fresh ingredients and a selection of imported Italian wines. LongHorn Steakhouse restaurants feature a range of menu items, including fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.

Premarket

Last Trade
Delayed
$70.70
-0.64 (-0.90%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$71.34
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
9,114

10-day average volume:
3,793,218
9,114

UPDATE: Occidental, Total announce changes to deals for sale of Anadarko's Africa assets to Total

10:26 am ET May 18, 2020 (MarketWatch)
Print

Occidental Petroleum Corp. (OXY) said Monday it informed Total S.A. (FP.FR) that it would not be in position to sell its Anadarko assets in Algeria, as part of an understanding with Algerian authorities on the transfer of Anadarko's interests to Occidental. The energy company had completed its acquisition of Anadarko Petroleum Corp. in August 2019. Also in August, Occidental and Total had entered into a an agreement for Total to buy Anadarko's assets in Africa. Separately, Occidental said it was informed by Total that Total was not interested in buying Anadarko's interests in Ghana "in the current circumstances." Occidental said the company's have entered into an agreement in which Occidental can start marketing its Ghana assets to third parties. Occidental's stock shot up 6.5% in premarket trading on Total shares surged 8.2%. Over the past three months through Friday, Occidental's stock has tumbled 66.8%, Total shares have shed 32.1% and the S&P 500 has lost 15.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 18, 2020 10:26 ET (14:26 GMT)

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