Sonic boosts stock buyback program
January 31, 2007
OKLAHOMA CITY — Drive-in restaurant chain Sonic Corp. announced that its board of directors has increased the company's stock buyback program from $10.7 million to $100 million. The buyback program is set to expire Aug. 31.
So far this year, Sonic has repurchased 19.4 million shares, or 23 percent of the company's outstanding stock.
