SPRINGFIELD, Mo. – O'Reilly Automotive's board of directors has 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 $1.5 billion.
The additional $500 million authorization is effective for a three-year period, beginning on Nov. 16, 2011.
O'Reilly
previously announced another $500 million share repurchase authorization in August.
