Sonic Corp. Sweetens Tender Offer Terms - - Tulsa, OK - News, Weather, Video and Sports - |

Sonic Corp. Sweetens Tender Offer Terms

OKLAHOMA CITY (AP) _ Fast food chain Sonic Corp. said Monday it has increased the purchase price of its ``Dutch Auction'' tender offer, announced in August, but has reduced the number of shares it is willing to buy.

Sonic said it would buy up to 24.3 million shares at a price between $19.50 to $23 apiece. It previously offered to buy up to 25.4 million shares at $19.50 to $22 per share.

The maximum total purchase price remains unchanged at $560 million.

Sonic also extended the tender offer period to Oct. 6 from Sept. 22.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.