NEW YORK (AFX) - Ark Restaurants Corp., which manages eateries in New York, Las Vegas, and Washington, said Tuesday that its board authorized the company to buy back up to $4 million shares over the next year.
The company will fund the buyback program using its working capital. Ark currently has roughly 3.5 million shares outstanding.
Shares of the company fell 3 cents to $24.67 in aftermarket activity, after finishing at $24.70 on the Nasdaq.
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