Fastenal To Purchase Common Stock
June 15
00:00
2006
Fastenal To Purchase Common Stock
Jason Sandefur
Fastenal Co. announced purchases by the company of up to an additional 500,000 shares of its common stock. The company has 151 million shares of common stock outstanding.
The fastener distributor said the timing of the stock repurchase program was influenced by the availability of cash to fund the buyback, as well as the impact of a weak equity market on Fastenal’s stock performance, which has dropped in recent weeks. Web: fastenal.com �2006 FastenerNews.com
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