Terex (TEX) Approves $325M Buyback
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Terex Authorizes New Share Repurchase Program
February 7, 2018 4:10 PM ESTWESTPORT, Conn.--(BUSINESS WIRE)-- Terex Corporation (NYSE: TEX) today announced that its Board of Directors authorized a new share repurchase program of up to $325 million. The Company completed its previous share repurchase program in the fourth quarter of 2017.
John L. Garrison, Terex President and Chief Executive Officer, stated, During our Investor Presentation in December 2016 we committed to pursuing a disciplined capital allocation strategy that included the efficient returns of capital to shareholders through share repurchases of $1 billion to $1.5 billion through 2020. In 2017, we delivered on our commitment to follow our disciplined capital allocation strategy... More
