Bloomin' Brands, Inc. Buyback
OLI recorded this information on 2/26/2015
Company: |
Bloomin' Brands, Inc. |
Buyback: |
BLMN buyback |
$Amount Announced Repurchased: |
$70,000,000 |
Buyback Details: |
Subject to completion of the offering, the Company will repurchase from the underwriter approximately $70 million of the shares of common stock being sold by the Selling Stockholders. The Company's purchase price per share for the repurchased shares will be equal to the price per share to be paid by the underwriter to the Selling Stockholders. The Company expects to fund the share repurchase with cash on hand and borrowings under its revolving credit facility. The share repurchase is part of the Company's existing $100 million share repurchase program. After giving effect to the repurchase, the Company will have remaining authorization to purchase up to approximately $30 million of common stock under the repurchase program. |
Bloomin' Brands is a holding company. Through its subsidiaries, Co. is a casual dining restaurant company. Co. has four concepts: Outback Steakhouse, which is a casual steakhouse restaurant concept focused on steaks and Australian decor; Carrabba's Italian Grill, which provides Italian cuisine dishes; Bonefish Grill, which focuses on fish, wood-grilled items and cocktails; and Fleming's Prime Steakhouse & Wine Bar, which is a steakhouse concept featuring cuts of beef, chops, salads and side dishes. Co.'s segments are: U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment.
BLMN SEC Filing Email Alerts Service
Open the BLMN Page at The Online Investor »
Open the BLMN Page at The Online Investor (in a new window) »
|
May 12, 2024 7:53 AM Eastern
Hold (2.45 out of 4)
3rd percentile
|
|