Panera to buy back up to $75M in shares

RICHMOND HEIGHTS Mo. Panera Bread Co. said Wednesday that it would buy back up to $75 million in shares of its common stock during the first quarter of next year, partly through an accelerated share repurchase agreement with a broker.

The company said that if less than $75 million in shares are purchased under the accelerated share repurchase program, Panera could buy additional shares on the open market. It has entered into a $75 million secured credit

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