MPX approves share repurchase plan
ATLANTA – Marine Products Corp.’s Board of Directors has approved a program authorizing the repurchase of up to 3 million shares of its common stock, the company reported earlier this week.
The company said it plans to repurchase shares at times and prices that it considers appropriate.
The program replaces a previous program authorized on April 25, 2001, and the new program does not have an expiration date, the company said.
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