Huntsman (HUN) Announces Completion of $100M Accelerated Buyback
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Huntsman Completes Repurchase Of 8.6 Million Shares Through An Accelerated Repurchase Program
January 11, 2016 7:17 PM ESTTHE WOODLANDS, Texas, Jan. 11, 2016 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has completed a previously announced $100 million accelerated share repurchase program of 8.6 million shares through an accelerated repurchase program with Citibank, N.A.
In September 2015, the Huntsman Board of Directors authorized the repurchase of $150 million of stock. The Company intends to utilize the remaining $50 million available under this authorization to purchase additional shares.
Peter R. Huntsman, President and CEO, commented:"We remain committed to improving our free cash flow generation in 2016 by $350 million primarily through lower... More
