IHS Chemical Week

People & Business :: Earnings/Finance

Dow launches $1.5-billion share buyback

4:15 PM MST | March 4, 2013 | —Vincent Valk

Dow Chemical has launched a $1.5-billion share buyback program. The buybacks will occur either in the open market or in privately negotiated transactions, Dow says. ”This repurchase program underscores the board’s confidence in Dow’s earnings, cash flow, and growth potential as we continue executing against our strategic agenda and illustrates our ongoing commitment to increasingly reward shareholders,” said Andrew Liveris, Dow’s chairman and CEO. “Going forward, our three priorities for uses of cash will remain consistent...

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