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Nathan's separately announced that it entered into an agreement pursuant to which it acquired 238,129 of the shares authorized to be purchased under the stock purchase program. Additional purchases will be made from time to time, depending on market conditions, in open market or privately negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases.
To date, Nathan's has acquired an aggregate approximately 2,930,000 shares of common stock at a cost of approximately $21,806,000 under all of its stock repurchase programs.
Nathan's products are currently distributed in 50 states, the District of Columbia and four foreign countries through its restaurant system, Branded Product Program and retail licensing activities. The Nathan's restaurant system currently consists of 253 units, comprised of 248 franchised or licensed units and five company-owned units (including one seasonal unit).
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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