IHS Chemical Week

People & Business :: Earnings/Finance

Innospec Launches Share Buyback

2:29 PM MDT | September 7, 2011 | Vincent Valk

Innospec has launched a share repurchase program worth $40 million, the company says. The program will begin on September 12 and remain in place through the end of the year. The company will repurchase shares in the open market.   "We believe that our current share price significantly undervalues the company and its prospects, and, therefore, under our balanced capital management program, we feel that strategic share repurchases are a prudent use of capital. Our aggressive strategy combines organic growth with acquisitions and remains unchanged. With...

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