The Marcus Corp. (MCS) announced that its Board of Directors has authorized the repurchase of up to 3.0 million additional shares of the company's outstanding common stock.
As of December 31, 2012, the company had 18,480,658 shares of common stock outstanding and 8,773,073 shares of Class B common stock outstanding.
Marcus stated that the new authorization adds to the company's existing share repurchase program that had about 955,000 shares remaining under prior authorizations as of December 31, 2012. The company has repurchased approximately 1.8 million shares in conjunction with the exercise of stock options and the purchase of shares in the open market since June 1, 2012, the beginning of its 2013 fiscal year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.