O'Reilly Automotive, Inc., a
leading retailer in the automotive aftermarket industry,
announced that its Board of Directors approved a resolution to
increase the authorization amount under its share repurchase
program by an additional $500 million, raising the aggregate
authorization under the program to $2 billion.
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The additional $500 million authorization is effective for
a three-year period, beginning on June 1, 2012. Stock
repurchases under the program may be made from time to time, as
the Company deems appropriate, solely through open market
purchases effected through a broker dealer at prevailing market
prices, based on a variety of factors such as price, corporate
requirements and overall market conditions.
There can be no assurance as to the number of shares the
Company will purchase, if any. The share repurchase program may
be increased or otherwise modified, renewed, suspended or
terminated by the Company at any time, without prior
notice.
