DXP Enterprises, Inc. (DXPE) Announces 400K Stock Buyback Plan
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DXP Enterprises, Inc. (NASDAQ: DXPE) announced that its Board of Directors authorized the repurchase of up to 400,000 shares of DXP’s common stock. Under the authorization, the Company from time to time, over the next 24 months, would repurchase shares in the open market or through privately negotiated transactions depending on market conditions and other relevant factors. The primary purpose of the share repurchase plan is to offset potential dilution from shares issued under DXP’s Restricted Stock Plan. The repurchase plan which was authorized in May, 2014 has been completed.
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