Nathan's Famous Inc makes share purchase under new repurchase programme

Posted on: Wed, 01 Jul 2009 07:03:00 EDT


Symbols: NATH
Jul 01, 2009 (M2 EQUITYBITES via COMTEX) --
NATH | Quote | Chart | News | PowerRating -- Fast food restaurant group Nathan's Famous Inc (NASDAQ:NATH) said on
Tuesday that its board of directors has authorised the company to buy
up to 500,000 shares of its common stock.

Following this approval Nathan's has signed an agreement to purchase
238,129 shares.

Additional purchases will be made in open market or privately
negotiated transactions, at prices the management deems appropriate,
depending on market conditions. The company has set no time limit on
the repurchases.

Comments on this story may be sent to admin@m2.com

For full details on Nathan's Famous Inc (NATH) NATH. Nathan's Famous Inc (NATH) has Short Term PowerRatings at TradingMarkets. Details on Nathan's Famous Inc (NATH) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.