Longs Drug Stores Corporation Announces New $200 Million Share Repurchase Program
The Company has repurchased approximately $125 million in common stockunder a separate repurchase program authorized by its Board of Directors inMay 2005. The average purchase price was $46.40 per share. Approximately$25 million remains under this authorization that expires in May 2008.
Longs Drug Stores had a total of approximately 37.6 million sharesoutstanding as of the third quarter ended October 25, 2007.
About the Company
Headquartered in Walnut Creek, California, Longs Drug Stores Corporation(NYSE: LDG) is one of the most recognized retail drug store chains on the WestCoast and in Hawaii. The Company operates more than 500 retail pharmacies andoffers a wide assortment of merchandise focusing on health, wellness, beautyand convenience. Longs also provides pharmacy benefit management services andMedicare beneficiary prescription drug plans through its wholly-ownedsubsidiary, RxAmerica, LLC. Additional information about Longs and itsservices is available at http://www.longs.com and more information aboutRxAmerica is available at http://www.rxamerica.com.
SOURCE Longs Drug Stores Corporation
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