IHS Chemical Week

People & Business :: Companies

Huntsman Launches New Share Buyback

1:25 PM MDT | August 8, 2011 | Vincent Valk

Huntsman has announced a new $100 million share repurchase program, effective immediately. The program has no expiration date, though it may be suspended without notice. "This share repurchase program is an expression of confidence in the company's long term future and ability to create further shareholder value," says Huntsman CEO Peter Huntsman. The company's earnings were flat for the second quarter, as high raw material costs offset the positive impact of higher selling prices and demand.   Shares in Huntsman closed at $12.70 on Friday, though...

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