DiamondRock Hospitality Company Announces Public Follow-on Offering of 20,000,000 Shares of Common Stock
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it plans to sell 20,000,000 shares of its common stock in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The underwriter will be granted a 30-day option to purchase up to an additional 3,000,000 shares of common stock.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.