El Pollo Loco Holdings Announces Stock Repurchase Agreement With FS Equity Partners V, L.P. And FS Affiliates V, L.P. To Purchase Aggregate 1.5M Shares At Price Of $8.40/Share For Total Price Of $12.6M
Portfolio Pulse from Benzinga Newsdesk
El Pollo Loco Holdings has entered into a stock repurchase agreement with FS Equity Partners V, L.P. and FS Affiliates V, L.P. to buy back 1.5 million shares at $8.40 per share, amounting to a total cost of $12.6 million.
December 04, 2023 | 9:31 pm
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El Pollo Loco Holdings is repurchasing 1.5 million of its shares from FS Equity Partners V, L.P. and FS Affiliates V, L.P. at a price of $8.40 per share, totaling $12.6 million.
Stock repurchase programs are typically viewed positively by the market as they can indicate that a company believes its stock is undervalued and that it is confident in its future prospects. The repurchase of shares can also lead to an increase in earnings per share and return on equity, potentially boosting the stock price in the short term.
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