Denny's Boosted Stock Buyback Program by Up to 6M Shares

Denny's Corporation DENN, one of America's largest full-service family restaurant chains, today announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to another six million shares of its common stock, in addition to repurchases previously authorized. Under the authorization, the Company may purchase common stock from time to time in the open market or in privately negotiated transactions. The Company also announced that, as of May 17, 2012, it has approximately 1.6 million shares remaining in its current six million share stock repurchase program announced April 4, 2011. The amount and timing of any purchases will depend upon a number of factors, including the price and availability of the Company's shares, trading volume
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacks
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!