Coinstar Announces Additional $250M Stock Repurchase Authorization

Coinstar, Inc. CSTR today announced that the company's board of directors has authorized the repurchase of an additional $250 million, plus the amount of cash proceeds received by the company from the exercise of stock options by its officers, directors and employees, of Coinstar's common stock under an additional share repurchase program. With this authorization and the $12.5 million remaining under the already existing stock repurchase authorization, the company's total current share repurchase authorization is $262.5 million. Between January 2010 and the end of the second quarter of 2011, Coinstar repurchased approximately 2.4 million shares of its common stock for approximately $112.6 million.