- The Board of Directors of Standard Motor Products (NYSE:SMP -1.5%) has authorized the purchase of up to $20M of its common stock under a stock repurchase program.
- The Company intends to fund the stock repurchase program through its revolving credit facility.
- Any repurchased shares will be held as treasury stock and will be available for general corporate purposes, including funding existing equity compensation plans.
- Press Release
Standard Motor Products announces new stock repurchase program
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Symbol | Last Price | % Chg |
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Standard Motor Products, Inc. |