BY RANDY MCCLAIN • Business Editor • August 5, 2008 Brentwood-based Tractor Supply Company said this morning that its board has authorized a $200 million increase to its stock repurchase program and extended the offer to Dec. 31, 2011. The stock buyback plan, first established in February 2007, now totals $400 million. As of June 28, the company had purchased 4 million shares of its stock for approximately $178 million under the plan. Tractor Supply’s stock closed trading on Monday at $38.43 per share, far below its 52-week high of $53.55 on Nasdaq. The company said stock purchases could be made from time to time in the open market or through privately negotiated transactions at management's discretion, depending on market conditions and other...
[read full story]
Your Web Site
