Franchise Group jumps on $500 mln share buyback program

Franchise

18/05/2022 13:48

** Franchise Group Inc's shares  FRG.O  up ~6.2% at $42.99
in light premarket vols 
    ** Shares of the company, owner and operator of franchised
businesses, on course for biggest one-day pct rise since late
February 2022 if premarket gains hold 
    ** Co says its board has approved a stock repurchase program
of up to $500 million of its outstanding shares of common stock
over the next three years  urn:newsml:reuters.com:*:nGNX6zkXQv
    ** As of last close, shares were down ~22.4% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))