Sonic Announces Stock Repurchase Program of up to $30M

By Eddie Staley
Benzinga Staff Writer
October 13, 2011 4:01 PM

Symbols: SONC

Sonic Corp. (NASDAQ: SONC) today announced that its Board of Directors authorized a stock repurchase program for up to $30 million worth of common stock through August 31, 2012. Share repurchases may be made from time-to-time in the open market or in negotiated transactions depending on share price, market conditions and other factors.

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Sonic Announces Stock Repurchase Program of up to $30M

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