Press Release Details
Rush Enterprises, Inc. Adopts $40 Million Stock Repurchase Program
"We believe that purchasing our common stock represents an attractive opportunity to benefit the long-term interests of the Company and its shareholders. The new stock repurchase program reflects our confidence in the Company's future growth and our commitment to return capital to our shareholders," said
Repurchases will be made at times and in amounts as the Company deems appropriate and may be made through open market transactions, privately negotiated transactions and other lawful means at the Company's discretion. The manner, timing and amount of any repurchases will be determined by the Company based on an evaluation of market conditions, stock price and other factors, including those related to the ownership requirements of its dealership agreements with
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Certain statements contained herein, including those concerning the Company's future growth and expectations about its stock repurchase program, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, competitive factors, general U.S. economic conditions, economic conditions in the new and used commercial vehicle markets, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, product introductions and acceptance, changes in industry
practices, onetime events and other factors described herein and in filings made by the Company with the
CONTACT:Source:Rush Enterprises, Inc. ,San Antonio Steven L.Keller , 830-626-5226 kellers@rushenterprises.comKaren S. Konecny , 830-626-5102 konecnyk@rushenterprises.com
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