GrubHub Inc.(NYSE:GRUB) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its stock. The shares will be repurchased at the prevailing market price at the time of purchase.

The repurchases will be made through open market transactions or in accelerated stock buyback programs, tender offers, privately negotiated transactions or by other means. The repurchased stock may be retired or held as authorized but unissued treasury shares. The timing and amounts of any purchases will be based on market conditions and other factors, including balancing use of resources for repurchases against organic and other growth opportunities.

The repurchase authorization do not obligate the company to acquire any particular amount of common stock or adopt any particular method of repurchase. The repurchase program has no time limit, does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice.