Courtesy of Benzinga.
The Marcus Corporation (NYSE: MCS) today announced that its Board of Directors has authorized the repurchase of up to 2,000,000 additional shares of the company’s outstanding common stock. The repurchases would be executed in the open market, in privately negotiated transactions or pursuant to a Securities and Exchange Commission Rule 10b5-1 plan, depending upon a number of factors including prevailing market conditions. As of June 30, 2012, the company had 20,091,189 shares of common stock outstanding and 8,817,315 shares of Class B common stock outstanding.
