CBRL says it repurchased 17% of shares outstanding

LEBANON Tenn. CBRL Group Inc. said Thursday it accepted for repurchase more than 5.4 million shares of its common stock at $46 per share, or about $250 million, under the company's modified Dutch auction tender offer that expired Jan. 11. The shares earmarked for repurchase represent about 17.3 percent of the company's shares outstanding as of Dec. 22. A total of 6.1 million shares were properly tendered and not withdrawn at per-share prices between $42 and $46, CBRL said.

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