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Sonic Corp (SONC.OQ)

SONC.OQ on NASDAQ Stock Exchange Global Select Market

43.25USD
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Sonic Says Co To Pay $47.7 Mln To Inspire Brands On Termination In Certain Cases
Friday, 28 Sep 2018 

Sept 27 (Reuters) - Sonic Corp ::SONIC - UPON TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES, CO WILL BE REQUIRED TO PAY INSPIRE BRANDS A TERMINATION FEE OF $47,736,000 - SEC FILING.  Full Article

Sonic To Be Acquired By Inspire Brands In $2.3 Bln Deal
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Sonic Corp ::SONIC CORP. TO BE ACQUIRED BY INSPIRE BRANDS IN $2.3 BILLION TRANSACTION.SONIC CORP - DEAL FOR $43.50 PER SHARE.SONIC CORP - SONIC WILL BE A PRIVATELY-HELD SUBSIDIARY OF INSPIRE AND WILL CONTINUE TO BE OPERATED AS AN INDEPENDENT BRAND.SONIC CORP - FOLLOWING COMPLETION OF TRANSACTION, SONIC WILL BE A PRIVATELY-HELD SUBSIDIARY OF INSPIRE.SONIC CORP - AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY SONIC'S BOARD OF DIRECTORS.SONIC CORP - TRANSACTION VALUED AT APPROXIMATELY $2.3 BILLION INCLUDING ASSUMPTION OF SONIC'S NET DEBT.SONIC CORP - WILL CONTINUE TO BE OPERATED AS AN INDEPENDENT BRAND AFTER DEAL CLOSE.SONIC - INSPIRE BRANDS WILL ACQUIRE CO FOR $43.50 PER SHARE IN CASH.  Full Article

Sonic reports solid same-store sales momentum in Q4
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Sonic Corp ::SONIC REPORTS SOLID SAME-STORE SALES MOMENTUM IN THE FOURTH FISCAL QUARTER OF 2018.SEES Q4 ADJUSTED EARNINGS PER SHARE $0.51 TO $0.52.QTRLY NET INCOME PER DILUTED SHARE IS EXPECTED TO BE $0.50 TO $0.51 FOR Q4.SEES QTRLY SAME-STORE SALES UP ABOUT 2.6% VERSUS PRIOR-YEAR QUARTER.  Full Article

Sonic Announces Increase To Dividend Program In Fiscal 2019
Thursday, 9 Aug 2018 

Sonic Corp ::SONIC ANNOUNCES INCREASE TO DIVIDEND PROGRAM IN FISCAL 2019.SONIC CORP - BEGINNING IN FIRST FISCAL QUARTER OF 2019, COMPANY EXPECTS TO DECLARE A QUARTERLY DIVIDEND OF $0.19 PER SHARE OF COMMON STOCK.SONIC CORP - NEW DIVIDEND REPRESENTS AN INCREASE OF ALMOST 19% FROM CURRENT QUARTERLY DIVIDEND OF $0.16 PER SHARE.  Full Article

Sonic Prices $170 Million Securitized Senior Notes
Wednesday, 24 Jan 2018 

Jan 23 (Reuters) - Sonic Corp ::SONIC PRICES $170 MILLION SECURITIZED SENIOR NOTES.SONIC CORP - ‍CERTAIN UNITS PRICED $170 MILLION OF SERIES 2018-1 CLASS A-2 FIXED RATE SENIOR SECURED NOTES​.SONIC CORP - ‍SENIOR NOTES WILL HAVE EXPECTED LIFE OF SEVEN YEARS AND BEAR INTEREST AT 4.026% PER ANNUM, PAYABLE MONTHLY​.  Full Article

Sonic Announces Financing Transaction
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Sonic Corp ::SONIC ANNOUNCES FINANCING TRANSACTION.SONIC SAYS UNITS INTEND TO ISSUE ABOUT $170 MILLION OF NEW FIXED RATE NOTES.SONIC - UNITS EXPECT TO REDUCE CAPACITY UNDER REVOLVING CREDIT FACILITY OF SERIES 2016-1 VARIABLE FUNDING SENIOR SECURED NOTES, CLASS A-1 TO $100 MILLION.  Full Article

Sonic Corp Reports Q1 Adjusted Earnings Per Share Of $0.30
Friday, 5 Jan 2018 

Jan 4 (Reuters) - Sonic Corp ::SONIC REPORTS FIRST FISCAL QUARTER 2018 EARNINGS PER SHARE GROWTH.Q1 ADJUSTED EARNINGS PER SHARE $0.30.Q1 EARNINGS PER SHARE $0.29.Q1 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.Q1 SAME STORE SALES FELL 1.7 PERCENT.SONIC- EXPECT ADJUSTED EPS FOR FISCAL YEAR 2018 TO INCREASE 5% TO 10% YEAR OVER YEAR, EXCLUDING IMPACT OF RECENTLY PASSED FEDERAL TAX LEGISLATION​.QTRLY TOTAL REVENUES $105.4 MILLION VERSUS $129.6 MILLION.- ‍FOR FISCAL 2018 ANTICIPATES APPROXIMATELY 0% TO 2% SAME-STORE SALES GROWTH FOR SYSTEM​.- ‍FOR FISCAL 2018 ANTICIPATES FREE CASH FLOW OF APPROXIMATELY $60 MILLION TO $65 MILLION​.FY2018 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.Q1 REVENUE VIEW $107.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Sonic Corp Says It Is Aware Southeastern Asset Management Filed Schedule 13D With SEC
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Sonic Corp ::SONIC CORP - ANNOUNCED IT IS AWARE SOUTHEASTERN ASSET MANAGEMENT FILED SCHEDULE 13D WITH SECURITIES AND EXCHANGE COMMISSION.  Full Article

Southeastern Asset Management Reports 16 Percent Stake In Sonic Corp
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Sonic Corp ::SOUTHEASTERN ASSET MANAGEMENT REPORTS 16 PERCENT STAKE IN SONIC CORP AS OF DECEMBER 14 - SEC FILING.  Full Article

Sonic Director Frank Richardson Reports Sale Of 50,000 Shares At $28-$28.39/Share
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Sonic Corp ::SONIC CORP DIRECTOR FRANK RICHARDSON REPORTS OPEN MARKET SALE OF 50,000 SHARES PRICED BETWEEN $28.00 TO $28.39/SHARE- SEC FILING.  Full Article

REFILE-BRIEF-Sonic Says Co To Pay $47.7 Mln To Inspire Brands On Termination In Certain Cases

* SONIC - UPON TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES, CO WILL BE REQUIRED TO PAY INSPIRE BRANDS A TERMINATION FEE OF $47,736,000 - SEC FILING Source text : (https://bit.ly/2OVYQUD) Further company coverage: