P.F. Chang’s sets $100M buyback

SCOTTSDALE Ariz. The board of directors at P.F. Chang’s China Bistro Inc. has authorized a share repurchase program that will allow the company to buy up to $100 million in its common stock through Dec. 15, 2011.

The company said it would use cash on hand for the repurchase program, but that it would also need to amend its credit agreement, which had restricted future share repurchases. The details of P.F. Chang’s credit amendments were not outlined as of press time

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