DineEquity, Inc. (NYSEIN) announced the approval by the company's board of directors of the repurchase of up to $45 million of the company's outstanding common stock. Under the program, DineEquity may repurchase shares on an opportunistic basis from time to time in open market transactions and in privately negotiated transactions, based on business, market, applicable legal requirements and other considerations. The repurchase program does not require the company to repurchase any specific number of shares, and may be terminated at any time.

DineEquity, Inc. develops, franchises, and operates full-service restaurant chains in the United States and internationally.

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