Minerals Technologies Board Authorizes $150 Million, Two-Year Share Repurchase Program
(Thomson Reuters ONE) -
NEW YORK, September 19--Minerals Technologies Inc. (NYSE: MTX) announced today
that its Board of Directors has authorized a $150 million share repurchase
program that it will execute over a two-year period. This authorization will
become effective when the current two-year $75 million program is completed in
October of this year.
"Our Board of Directors has indicated its confidence in the company's strategic
direction, high performance and cash-generating ability by authorizing a share
repurchase program that is twice as large as previous buyback programs," said
Robert S. Wetherbee, president and chief executive officer. "This larger program
is a continuation of the balanced approach to the use of our cash that we have
been taking to increase shareholder value."
Minerals Technologies Inc. is a resource- and technology-based growth company
that develops, produces and markets worldwide a broad range of specialty
mineral, mineral-based and synthetic mineral products and related systems and
services. The company recorded sales of $1.01 billion in 2012.
----------
For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
----------
Contact:
Rick B. Honey
(212) 878-1831
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Minerals Technologies Inc via Thomson Reuters ONE
[HUG#1729926]
Unternehmensinformation / Kurzprofil:
Datum: 19.09.2013 - 16:14 Uhr
Sprache: Deutsch
News-ID 298483
Anzahl Zeichen: 2061
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 173 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Minerals Technologies Board Authorizes $150 Million, Two-Year Share Repurchase Program"
steht unter der journalistisch-redaktionellen Verantwortung von
Minerals Technologies Inc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
