Denny's announces stock repurchase program
May 18, 2012
by Meat&Poultry Staff
SPARTANBURG, SC – The board of directors of Denny’s Corp. has approved a new stock repurchase program that will allow the company to repurchase up to 6 million shares of Denny’s common stock.
The company may buy common stock in the open market or in privately negotiated transactions, Denny’s said. The amount and timing of the stock re-buy will depend on factors such as price and availability, trading volume and general market conditions.
Denny’s had more than 96 million shares of common stock outstanding as of April 27.