JWCA advises domino's pizza on its $1 billion accelerated share repurchase

Transaction Background

J. Wood Capital Advisors acted as financial advisor to Domino's Pizza, and led the execution of the Company's accelerated share repurchase.

Evaluated various share repurchase strategies with Domino's team upfront (including ASRs) in an unbiased and manner
Assisted the Domino's team with design, documentation, and accounting review
Created a process to achieve the best terms for Domino's:

- Led an auction process to drive the best ASR terms for Domino's

- Created the documents with the company upfront to ensure company-friendly provisions

Results

The auction process resulted in savings for the company (in the form of a higher discount to the share repurchase)
Domino's shares outstanding were immediately reduced by ~4.9mm shares, nearly 9% of their shares outstanding