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GP Strategies completes buy-back

GP Strategies Corp., of Columbia, a training, management consulting and engineering services company, has purchased 11 percent of its outstanding shares in a modified “Dutch Auction” self-tender offer completed this week. GP Strategies said it bought about 2.1 million shares of common stock at $29 per share, at a total of approximately $61.7 million. GP Strategies now has about 17.1 million shares outstanding. In a Dutch auction, stockholders may indicate how many shares and at what price they wish to tender their shares within the specified range.

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