Minerals Technologies Board of Directors Authorizes $150 Million, Two-Year Share Repurchase Program
(Thomson Reuters ONE) -
NEW YORK, September 16, 2015-Minerals Technologies Inc. (NYSE: MTX) announced
today that its Board of Directors has authorized a new, two-year $150 million
share repurchase program. This authorization will become effective when the
current two-year $150 million program expires 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 this $150
million share repurchase program," said Joseph C. Muscari, chairman and chief
executive officer. "We will continue to focus primarily on debt reduction, but
will repurchase shares, as we deem appropriate, using a balanced, value-based
approach to the use of our cash."
New York-based 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. MTI serves the paper, foundry, steel, environmental,
energy, polymer and consumer products industries. The company reported sales of
$1.725 billion in 2014.
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For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
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Contact:
Rick B. Honey
(212) 878-1831
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Source: Minerals Technologies Inc via GlobeNewswire
[HUG#1952487]
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2015 - 16:17 Uhr
Sprache: Deutsch
News-ID 420628
Anzahl Zeichen: 2137
contact information:
Town:
New York
Kategorie:
Business News
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