Nelson Heumann, Chairman of the Board, said, “Today’s announcement is the culmination of a thorough examination of strategic alternatives and represents an important milestone for Einstein Noah. We are pleased to have been able to recapitalize the business through our existing bank facility on such favorable terms and maintain modest leverage. We view this one-time special dividend as a clear demonstration of our commitment to returning capital to shareholders, as well as our confidence in the strong results and momentum of the business. As always, we are determined to create and unlock value for the benefit of all shareholders by further strengthening our business model and realizing our substantial expansion opportunities.”Pursuant to the rules of The NASDAQ Stock Market, when a dividend is declared in a per share amount that is 25% or greater than a Company's stock price, the date on which that company's shares will begin to trade without the right to receive the dividend, or ex-dividend, is the first business day following the payment date, rather than the second business day prior to the record date.
Einstein Noah Restaurant Group Inc. Completes Review Of Strategic Alternatives
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