O'Reilly Automotive (ORLY) Approves Additional $1B Buyback
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O’Reilly Automotive, Inc. Announces Additional $1 Billion Share Repurchase Authorization
September 1, 2017 4:30 PM EDTSPRINGFIELD, Mo., Sept. 01, 2017 (GLOBE NEWSWIRE) -- OReilly Automotive, Inc. (the Company or OReilly) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $9.75 billion.
The additional $1 billion authorization is effective for a three-year period, beginning on September 1, 2017. Stock repurchases under the program may be made from time to time, as the Company deems appropriate, solely through open... More
