Group 1 Automotive to buy back up to $30 mln common shares

Newswire

April 26 (Reuters) - Car dealership chain Group 1 Automotive Inc. said its board approved the repurchase of up to $30 million common shares. The company, which has about 24.1 million common shares outstanding, said the repurchased shares will be held in treasury. Group 1 expects to complete the buyback within the next 12 months, it added. (Reporting by Dhanya Skariachan in Bangalore)

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