Air Products Approves $1-Billion Share Repurchase

Air Products says its board of directors has approved the repurchase of up to $1 billion of its common stock, or about 5% of its current equity market capitalization. The company’s shares traded at $94.59/share on September 25, the day after the announcement. Jones: Strong balance sheet. The repurchase program is in addition to a $1.5-billion stock repurchase announced last year, under which it has so far repurchased more than $1 billion in shares (CW, March 29, 2006, p. 12). Air Products says it expects to complete that program by the end of its 2008...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers