C.H. Robinson Announces Stock Repurchase Program.MINNEAPOLIS--(BUSINESS WIRE)--Feb. 10, 1999--C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (Nasdaq:CHRW CHRW C.H. Robinson Worldwide (stock symbol) ) today announced that its Board of Directors has authorized a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program under which up to two million shares of C.H. Robinson's Common Stock may be repurchased. C.H. Robinson said that shares may be purchased from time to time through open market transactions, block purchases, tender offers, private transactions, accelerated share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. programs or otherwise. C.H. Robinson has approximately 41,190,000 shares of Common Stock outstanding. C.H. Robinson intends to fund such repurchases with internally generated funds. Founded in 1905, C.H. Robinson Worldwide, Inc. has gross revenues of $2 billion and is a global provider of multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting transportation services, logistics solutions and fresh produce sourcing, operating through a network of 127 offices in 38 states, Canada, Mexico, Belgium, the United Kingdom, France, Italy, Poland, Spain, Brazil, Argentina, Venezuela and South Africa. In North America, C.H. Robinson is the largest third-party logistics company and maintains the single largest network of motor carrier capacity through contracts with more than 17,000 motor carriers. The company is one of the largest third-party providers of intermodal services in the United States. C.H. Robinson Worldwide, Inc., headquarters is in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. . For more information about C.H. Robinson, visit www.chrobinson.com. |
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