Business First of Louisville (Ky.): Papa John's has raised the authorization for its repurchase program by $50 million. The company now may repurchase a total of $500 million in common shares through Dec. 25. The authorization includes both open-market purchases and private transactions.
The company has repurchased $434.5 million of its stock since the repurchase program began in 1999. As of July 24, the company had about 17.1 million common shares outstanding.