Celanese Corp. (CE) Approves $1.5 Billion Share Repurchase Authorization

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Go back to Celanese Corp. (CE) Approves $1.5 Billion Share Repurchase Authorization

Celanese Corporation Announces New $1.5 Billion Share Repurchase Authorization

April 18, 2019 9:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that its board of directors has approved a new $1.5 billion share repurchase authorization. The new share repurchase authorization represents approximately 11 percent of the companys shares outstanding.

The company deployed $200 million to repurchase shares in the first quarter of 2019 under the previous $1.5 billion share repurchase authorization put in place in 2017. As of March 31, 2019, approximately $500 million remained on the existing share repurchase... More