Airgas (ARG) Approves $500M Common Stock Buyback Plan
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Airgas Announces $500 Million Stock Repurchase Program
May 28, 2015 8:30 AM EDTRADNOR, Pa.--(BUSINESS WIRE)-- Airgas, Inc. (NYSE: ARG) today announced a program to repurchase up to $500 million of its outstanding shares of common stock. As of May 27, 2015, Airgas had approximately 75.5 million common shares outstanding.
Airgas is well-positioned for sustained long-term growth, and this share repurchase program reflects our confidence in the future, said Airgas Executive Chairman Peter McCausland. Our balance sheet is solid, and we continue to generate strong cash flow, which affords us the opportunity to not only consistently grow our dividends but also repurchase shares and realize attractive earnings per share accretion.
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