The Caldwell Partners International Inc. (TSX: CWL.TO) purchased the 5.4% of its shares held by Chicago-based executive search firm DHR International Inc. DHR had made overtures to acquire Caldwell earlier this year, but agreed to cease its overtures and sell back to Caldwell shares that it owned.

Caldwell purchased almost 1.15 million shares from DHR at C$1.40 per share for an aggregate price of more than C$1.6 million. The shares are being canceled, reducing the company’s outstanding shares to about 20.1 million from about 21.3 million.