Lubrizol Expands Share Buyback Plan

Lubrizol says it plans to repurchase as many as 7.2 million shares, roughly 10% of common shares outstanding, over the next 18-24 months as part of an expanded share purchase program announced today. The company cites “strong results, excellent cash flow, and a strong balance sheet.” The company has so far this year repurchased 1.575 million shares for about $80/share. ...

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