Cheesecake OKs purchase of 10M more shares

CALABASAS HILLS Calif. The Cheesecake Factory Inc. increased its share repurchase authorization by 10 million shares, the company reported Wednesday, bringing its total buyback plan to 12.4 million shares, or about 16 percent of total shares outstanding.

Cheesecake, which operates 123 namesake dinnerhouses and nine Grand Lux Cafe restaurants, said it would repurchase $200 million of its shares of common stock through a broker-dealer in an accelerated share

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