Wingstop Announces $125 Million Accelerated Share Repurchase Agreement
Wingstop (NASDAQ: WING) today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Morgan Stanley & Co. LLC to repurchase $125.0 million of Wingstop common stock. The ASR was entered into under Wingstop's previously announced $250.0 million share repurchase program. After completion of the ASR, $125.0 million will remain available under Wingstop's share repurchase program.
Wingstop is funding the ASR with cash on hand. Under the terms of the agreement, Wingstop will receive an initial share delivery of approximately 567,000 shares, with the...
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