Driven Brands Announces Pricing of Secondary Offering Driven Brands Holdings Inc. Charlotte, North Carolina, UNITED STATES
CHARLOTTE, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN), today announced the pricing of the underwritten secondary public offering of 12 million shares of Driven Brands’ common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC (together the “Selling Stockholders”), each of which is a related entity of Roark Capital Management, LLC at a price of $29.50 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Driven Brands is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.
ServiceMaster Brands moving headquarters from Memphis to Atlanta
ServiceMaster Brands is moving its headquarters from Memphis to Atlanta, the home services business confirmed Thursday.
The company said in a statement that the relocation will result in some job losses but will better serve our franchisee network. It added that the employee reductions are expected to be completed by the end of 2021.
A WARN notice from the company says it will move 124 jobs to Atlanta, according to Charles Vance, spokesman for the city-county economic development agency EDGE. The notice was not yet available on the state’s WARN notice archive as of Friday morning.