Fastenal Company Announces Stock Repurchase Program
July 10 2008 - 4:54PM
PR Newswire (US)
WINONA, Minn., July 10 /PRNewswire-FirstCall/ -- Fastenal Company
(NASDAQ:FAST) announced today that its board of directors has
authorized purchases by the company of up to an additional
1,000,000 shares of its common stock in transactions on THE NASDAQ
or otherwise (over and above previously authorized amounts).
Fastenal Company has approximately 149 million shares of common
stock outstanding. Fastenal sells different types of industrial and
construction supplies in the following product categories: threaded
fasteners and miscellaneous supplies; tools; metal cutting tool
blades and abrasives; fluid transfer components and accessories for
hydraulic and pneumatic power; material handling; storage and
packaging products; janitorial, chemical and paint products;
electrical supplies; welding supplies; safety supplies; and metals,
alloys and materials. As of June 30, 2008, Fastenal operated 2,272
stores in the United States (all 50 states), Canada (all
provinces), Puerto Rico (multiple), Mexico (14 states), Singapore
(one location), Netherlands (one location), and China (one
location) selling to the general public. The Company operates 13
distribution centers located in Minnesota, Indiana, Ohio,
Pennsylvania, Texas, Georgia, Washington, California, Utah, North
Carolina, Kansas, Ontario, Canada; and Nuevo Leon, Mexico.
Additional information regarding Fastenal Company is available on
the Fastenal Company World Wide Web site at
http://www.fastenal.com/. FAST-G DATASOURCE: Fastenal Company
CONTACT: Darin Pellegrino of Fastenal Company, +1-507-454-5374, or
Web site: http://www.fastenal.com/
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