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Stepan launches share buyback

9:28 AM MST | February 22, 2013 | Vincent Valk

Stepan’s board has authorized the company to repurchase up to 1 million shares, replacing a mostly utilized million-share buyback approved in 2009. The share repurchases will occur on the open market at management’s discretion. "The share repurchase authorization demonstrates our confidence in Stepan's growth and commitment to promote long-term shareholder value," says Stepan president and CEO F. Quinn...

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