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Metaldyne Performance Group Inc. Buyback

OLI recorded this information on 8/4/2016

Company: Metaldyne Performance Group Inc.
Buyback: MPG buyback
$Amount Authorized: $35,000,000
Buyback Details: Metaldyne Performance Group Inc. (NYSE: MPG), a leading provider of highly-engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, today reported the following financial results for its second quarter ended July 3, 2016. Treasury Actions Authorized by Our Board of Directors on August 3, 2016: Authorized an additional $10 million for a total of $35 million authorized for our share repurchase program. As of July 3, 2016, cumulative shares repurchased totaled 946,256 shares at an average purchase price per share of $15.54.

Metaldyne Performance Group provides components for use in Powertrain and Safety-Critical Platforms for the global light, commercial and industrial vehicle markets. Co. produces these components using metal-forming manufacturing technologies and processes for a global customer base of vehicle original equipment manufacturers and Tier I suppliers. Co.'s metal-forming manufacturing technologies and processes include aluminum die casting, cold, warm or hot forging, iron casting and powder metal forming as well as machining and assembly. These technologies and processes are used to create a range of customized Powertrain and Safety-Critical components.

Preferred: MPG.PRA


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Company Name:  Metaldyne Performance Group Inc
Stock buyback:  MPG buyback
Website:  www.mpgdriven.com
Sector:  Auto Parts
 

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April 17, 2024    11:32 PM Eastern
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