LEBANON Tenn. CBRL Group Inc. said Thursday it accepted for repurchase more than 5.4 million shares of its common stock at $46 per share, or about $250 million, under the company's modified Dutch auction tender offer that expired Jan. 11. The shares earmarked for repurchase represent about 17.3 percent of the company's shares outstanding as of Dec. 22. A total of 6.1 million shares were properly tendered and not withdrawn at per-share prices between $42 and $46, CBRL said. The ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?