Reuters logo
BRIEF-Celanese Corp announces $1.5 bln share repurchase authorization
July 18, 2017 / 12:10 AM / 2 months ago

BRIEF-Celanese Corp announces $1.5 bln share repurchase authorization

July 17 (Reuters) - Celanese Corp

* Celanese Corporation announces new $1.5 billion share repurchase authorization

* New share repurchase authorization represents approximately 11 percent of company’s shares outstanding

* Timing of buybacks will be partially based on closing of recently announced proposed tow joint venture with Blackstone

* Has deployed $300 million in the first half of 2017 and is on pace to meet $500 million share buyback commitment for 2017 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below