|
DALLAS (AP) - Brinker International Inc., which franchises and operates several restaurant chains including Chili's, said Monday its board has authorized up to $450 million to repurchase up to 11.7 million shares of its common stock.
Brinker said the shares it hopes to buy back represents about 14 percent of its outstanding shares as of Aug. 17.
The offer, which involves a modified "Dutch auction," is to begin Tuesday and continue through Sept. 26.
|