CBRL Group, Inc. Announces a New Share Repurchase Authorization for 2 Million Shares.Business Editors LEBANON, Tenn.--(BUSINESS WIRE)--Feb. 28, 2003 CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) Group, Inc. (the "Company") (Nasdaq: CBRL) today announced that it has been authorized by its Board of Directors to repurchase up to 2 million additional shares of its common stock. Such repurchases are expected to be made from time to time in open market transactions. The Company had approximately 49.4 million shares outstanding at the end of its second fiscal quarter on January 31, 2003. Thus far this fiscal year, the Company has repurchased 2 million shares of its common stock for total consideration of approximately $53.9 million, or $26.93 per share. Since its first share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. authorization in fiscal 1999, the Company has repurchased just over 17.6 million shares of its common stock for total consideration of approximately $411.7 million, or $23.35 per share. Headquartered in Lebanon, Tennessee
Lebanon is a city in Wilson County, Tennessee, in the United States. The population was 20,235 at the 2000 census. , CBRL Group, Inc. presently operates 469 Cracker Barrel This article is about the restaurant-and-store chain. For the unrelated company marketing cheeses bearing the "Cracker Barrel" trademark, see Kraft Foods. Cracker Barrel Old Country Store, Inc. Old Country Store restaurants and gift shops located in 41 states and 95 company-operated and 12 franchised Logan's Roadhouse Logan's Roadhouse is a chain of restaurants that was founded in 1991, and in 1999 became a wholly owned subsidiary of the publicly held CBRL Group, Inc (which also owns Cracker Barrel). restaurants in 17 states. |
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