Entegris (ENTG) Approves Additional $250 Million Share Buyback

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Go back to Entegris (ENTG) Approves Additional $250 Million Share Buyback

Entegris Announces Additional $250 Million Share Repurchase Authorization

November 19, 2018 5:02 PM EST

BILLERICA, Mass.--(BUSINESS WIRE)-- Entegris, Inc. (NasdaqGS: ENTG) (the Company), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today announced that its Board of Directors has authorized the Company to repurchase an additional $250 million of its common stock. As of Friday, November 16, 2018, the Company has repurchased $60.2 million of its common stock during the fourth quarter and $15.2 million remained available in the Company's prior share repurchase authorization.

We believe the stock buyback plan is a good use of cash given our long-term growth prospects, said Bertrand Loy, president and chief... More