The following excerpt is from the company's
EL PASO, Texas - September 21, 2015 - Western Refining, Inc. (NYSE:WNR) today announced that its Board of Directors has authorized an additional $200 million share repurchase program effective through December 31, 2016. This authorization is in addition to the previous program which has approximately $35.8 million remaining as of September 21, 2015 and which expires on November 3, 2015.
Share repurchases under the new program may be made from time-to-time through open market transactions, block trades, privately negotiated transactions or otherwise, and are subject to market conditions, as well as corpor ate, regulatory, and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors.
Jeff Stevens, Western’s President and Chief Executive Officer, commented, “The authorization of an additional share repurchase program demonstrates our on-going commitment to return cash to our shareholders balanced with making investments to grow the Company. Since the initiation of share repurchases began in 2012, the Company has...