Domino's Pizza (DPZ) Announces $800M Accelerated Share Repurchase Plan

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Go back to Domino's Pizza (DPZ) Announces $800M Accelerated Share Repurchase Plan

Domino's Pizza Announces Accelerated Share Repurchase Program upon Completion of Recapitalization

October 27, 2015 6:33 PM EDT

ANN ARBOR, Mich., Oct. 27, 2015 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, announced that it had completed a recapitalization transaction on October 21, 2015 and intends to use the majority of the available excess proceeds for an accelerated share repurchase (ASR) program.

The Company announced an $800 million share repurchase authorization, which replaces its previous $200 million open market share repurchase program. As part of the new authorization, the Company will conduct a $600 million ASR.... More