IHS Chemical Week

People & Business :: Earnings/Finance

Eastman board approves $1-billion share repurchase

3:30 PM MST | February 20, 2014 | Lindsay Frost

Eastman Chemical announced Thursday that its board has approved the repurchase of up to an additional $1 billion of Eastman common stock.  “These actions reflect the company’s solid financial position, including our strong cash flow generation, and confidence in our ability to deliver consistent, superior value,” says Curt Espeland, executive v.p. and CFO of Eastman. Share repurchases will be implemented through purchases made from time to time in either the open market or private transactions, the company...

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