Innospec Board Approves $50 Million Share Repurchase Plan

MT Newswires Live
03-11

Innospec (IOSP) said late Monday that its board has approved a new $50 million share repurchase program.

The chemical manufacturer said that its previous $50 million share buyback program expired in Q1.

President and Chief Executive Patrick S. Williams said that the company has over $289 million in net cash, giving it "significant flexibility and balance sheet strength."

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