Global talent solutions company Hudson Global is to buy 1.1m shares of Hudson stock from investors Sagard Capital Partners.

As part of a previously announced $10m (£7.5m) share repurchase programme, the share repurchase reduces Hudson’s shares outstanding by roughly 3%. The company paid $1.80 per share, equal to the company’s volume weighted average price over the previous 20-day period.

Sagard has also agreed to not sell Hudson shares for the next 60 days without the company’s written approval.