Panera Bread (PNRA) Approves $600M Buyback Plan

Article Stock Quotes (1) Comments (0)

Panera Bread Company (Nasdaq: PNRA) announced that its Board of Directors has approved a new three year share repurchase program of up to $600 million.

This new program will replace the existing program which was scheduled to expire on November 16, 2012 and has been terminated by the Board of Directors in connection with approving the new program. The repurchases may commence as soon as August 28, 2012, and will be effected from time to time on the open market or in privately negotiated transactions and may make such repurchases under a Rule 10b5-1 Plan. The share repurchase program and the Board's authorization of the program may be modified, suspended, or discontinued at any time.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
• Elliott Management: Dividend, Buyback are 'Positive Steps' for NetApp (NTAP)
• Northrop Grumman (NOC) Adds $4B to Repurchase Plan, Plans to Retire 25% Outstanding Shares

Create E-mail Alert Related Categories

Stock Buybacks

Related Entities

Stock Buyback

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?