Chemspec (CPC) Announces $15M Share Buyback Program
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- Chemspec (CPC) Announces $15M Share Buyback Program
Chemspec International (NYSE: CPC) announced that its Board of Directors has authorized a share repurchase program that would allow the Company to repurchase up to $15 million of its own American Depositary Shares ("ADSs") on the open market between October 2009 and October 2010.
The repurchases will be made from time to time on the open market at prevailing market prices. The timing and extent of any purchases will depend upon market conditions, the trading price of the ADSs and other factors, and will be subject to the restrictions relating to volume, price and timing under applicable laws, including Rule 10b-18 of the Securities Exchange Act of 1934.
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