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HERNDON — Computer products reseller ePlus inc. said Friday that its board approved the repurchase up to 500,000 common shares for general corporate purposes.
The buyback will take place over the next 12 months begining on Sept. 16, the company said.
The shares to be bought back represent about 6.1 percent of the 8.2 million common shares ePlus had outstanding as of July 31.
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