Albermarle expands share repurchase authorization to 15M shares The Board of Directors of Albermarle authorized an increase in the number of shares the company is permitted to repurchase under its existing share repurchase program to 15M from 3.9M shares that remained outstanding under the program as of December 31, 2012. The company currently expects to repurchase approximately 10% of its outstanding shares over the next 10 to 15 months. Share repurchases will be funded through a combination of available cash on hand, free cash flow and possibly debt, the company said.
News For ALB From The Last 14 Days
Check below for free stories on ALB the last two weeks.
Albemarle announces expiration of HSR waiting period for Rockwood acquisition Albemarle (ALB) announced the expiration of the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the company's previously announced acquisition of Rockwood Holdings (ROC). The waiting period expired at 11:59 P.M. Eastern Daylight Time on September 8.