Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Premarket

Last Trade
Delayed
$22.43
-0.34 (-1.49%)
Bid
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Market Hours

Closing Price
$22.77
Day's Change
0.00 (0.00%)
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Day's High
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Day's Low
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Volume
(Light)
Volume:
113,852

10-day average volume:
68,410,637
113,852

Darden Restaurants Announces Pricing of 7,826,087 Shares of its Common Stock

9:25 pm ET April 20, 2020 (PR Newswire) Print

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has priced its public offering of 7,826,087 shares of its common stock, without par value, at a public offering price of $58.50 per share. In addition, Darden has granted the underwriters an option to purchase up to an additional 1,173,913 shares of its common stock at the public offering price. Darden intends to use the net proceeds from the offering for general corporate purposes. The offering is expected to close on April 23, 2020.

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 was 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 are acting 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-pricing-of-7-826-087-shares-of-its-common-stock-301043952.html

SOURCE Darden Restaurants, Inc.: Financial

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