Aramark announces $500M share repurchase program

As a result of Aramark’s (ARMK) growing, predictable cash flow and enhanced financial flexibility, including significant progress in reducing the company’s leverage ratio, Aramark’s Board of Directors approved a newly created share repurchase program. The company is authorized to repurchase up to $500M of its outstanding common stock-demonstrating strong confidence in the business and the significant growth opportunities ahead. The share repurchase program does not have a fixed expiration date, providing Aramark with the flexibility to repurchase shares at opportune times.