Kona Grill board approves stock buyback

SCOTTSDALE Ariz. Kona Grill Inc., parent to the 18-unit grill and sushi-bar chain based, said Tuesday that its board of directors approved the repurchase of as many as 600,000 shares, or about 9 percent of its common stock.

The company had about 6.6 million shares outstanding as of its latest quarter. There was no time frame given for the repurchases, which Kona said would be made on the open market. News of the buyback plan sent Kona’s stock up more than 11 p

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