Amerco
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Industrials : Road & Rail | Mid Cap Blend
Company profile

AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc. (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites. The Company operates through three segments: Moving and Storage; Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the operations of AMERCO, U-Haul and Amerco Real Estate Company, and the subsidiaries of U-Haul and Real Estate. The Property and Casualty Insurance segment consists of the operations of Repwest Insurance Company and its subsidiaries, and ARCOA Risk Retention Group. The Life Insurance segment consists of the operations of Oxford Life Insurance Company and its subsidiaries.

Price
Delayed
$302.46
Day's Change
7.26 (2.46%)
Bid
--
Ask
--
B/A Size
--
Day's High
303.69
Day's Low
297.42
Volume
(Light)

Today's volume of 17,797 shares is on pace to be much lighter than UHAL's 10-day average volume of 41,291 shares.

17,797

Darden Restaurants Announces Public Offering of Common Stock

4:26 pm ET April 20, 2020 (PR Newswire) Print

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has commenced an underwritten public offering of $400 million of shares of its common stock, without par value. In addition, Darden expects to grant the underwriters an option to purchase up to an additional $60 million of shares of its common stock. Darden intends to use the net proceeds from the offering for general corporate purposes.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute any offer, solicitation or sale in any jurisdiction in which such offer, solicitation, purchase or sale is unlawful. The offering will be made pursuant to a shelf registration statement filed with the Securities Exchange Commission, which became automatically effective upon filing, by means of a prospectus and related prospectus supplement.

Goldman Sachs & Co. LLC and BofA Securities will act as joint book-running managers in connection with the offering. Copies of the prospectus and the preliminary prospectus supplement relating to the offering may be obtained by contacting Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attention: Prospectus Department, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com, or by contacting BofA Securities, NCI-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_request@bofa.com.

About Darden

Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.

Information About Forward-Looking Statements

Forward-looking statements in this communication are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements speak only as of the date on which such statements are first made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. We wish to caution investors not to place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. The most significant of these uncertainties are described in Darden's Annual Report on Form 10-K for the fiscal year ended May 26, 2019, Darden's Form 10-Q and Form 8-K reports and Darden's other filings with the Securities and Exchange Commission.

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View original content:http://www.prnewswire.com/news-releases/darden-restaurants-announces-public-offering-of-common-stock-301043807.html

SOURCE Darden Restaurants, Inc.: Financial

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