Rush Enterprises (NASDAQ:RUSHA) announced that its Board of Directors approved a new stock repurchase program, up to an aggregate of $40M of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share.
“I am very pleased that we were able to complete our prior $40M stock repurchase program and am excited about our new $40M stock repurchase program,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of the Company. “We continue to believe that purchasing our common stock represents an attractive opportunity for both the Company and its shareholders and the new stock repurchase program reflects not only our confidence in the Company’s future growth, but also our continued commitment to return capital to our shareholders.”
The new stock repurchase program expires on November 30, 2017, and may be suspended or discontinued at any time.