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8/10/2012 4:44 PM ET

O'Reilly Automotive Inc. (ORLY: Quote) announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $500 million, raising the aggregate authorization under the program to $2.5 billion. The additional $500 million authorization is effective for a three-year period, beginning on August 10, 2012.

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