Standard Motor Products announced that its board of directors has authorized the purchase of up to $20 million of its common stock under a stock repurchase program.
May 18, 2018—Standard Motor Products announced that its board of directors has authorized the purchase of up to $20 million of its common stock under a stock repurchase program.
Stock will be purchased from time to time, in the open market or through private transactions, as market conditions warrant. The company intends to fund the stock repurchase program through its revolving credit facility.
The stock repurchase program may be suspended or discontinued at any time. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes, including funding existing equity compensation plans.
We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...
Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...
