Cooper-Standard OKs $25M repurchase program

ERJ staff report (R&PN)

Novi, Michigan — Cooper-Standard Holdings Inc., the parent company of Cooper Standard Automotive, has approved a securities repurchase program.

Under the arrangement, the company would be allowed to repurchase, in the aggregate, up to $25 million of its outstanding common stock, 7 percent cumulative participating convertible preferred stock or warrants to purchase common stock.

Under the program authorised by the board of directors, repurchases may be made on the open market or through private transactions, as determined by the company’s management and…

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