Gentex boosts price for share repurchase

ZEELAND, Mich., March 8 (Reuters) - Auto parts maker Gentex Corp. said on Monday its board of directors approved an increase in the price at which the company will begin to buy back shares under a previously approved stock repurchase plan.

The beginning share price was raised to the low $30s from the mid $20s under a plan announced in October 2002.

Under its current plan, the company may purchase up to 4 million shares of its common stock. It repurchased 415,000 shares ...