Marine Products Corp. repurchases shares
ATLANTA – Marine Products Corp. reported share repurchases for the second quarter of 2005 totaling 498,478 shares at an average price of $14.54 per share in a statement yesterday.
The Board of Directors approved a program authorizing the repurchase of up to 2,250,000 shares. Since the program’s inception, 1,448,204 shares have been repurchased, and 801,796 additional shares may be purchased under this program. The program was approved on April 25, 2001 and does not have an expiration date.
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