Reuters logo
10 months ago
BRIEF-Amerco says U-Haul International and Pods Enterprises LLC enters into settlement agreement
October 11, 2016 / 9:22 PM / 10 months ago

BRIEF-Amerco says U-Haul International and Pods Enterprises LLC enters into settlement agreement

Oct 11 (Reuters) - Amerco

* AMERCO - On Oct 10, U-Haul International and Pods Enterprises LLC entered into settlement agreement which concludes litigation between U-Haul and PEI

* Says as part of agreement, U-Haul will pay $41.4 million to PEI

* Says had previously recorded a $60.7 million accrual in Q4 of fiscal 2015

* AMERCO - U-Haul will record $24.6 million difference between accrued contingency and final settlement amount as reduction in operating expenses in Q2 of fiscal 2017 Source: (bit.ly/2dZrMsy) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below