Huntsman Announces Share Repurchase Program
THE WOODLANDS, Texas,
Peter R Huntsman, President and CEO, commented: "This share repurchase program is an expression of confidence in the company's long term future and ability to generate further shareholder value. We are reviewing our current capital plan for 2016 and 2017 and believe we can reduce capital expenditures and improve working capital commensurate with the costs of the repurchase program. As we complete our remaining cost reduction objectives of more than
Repurchases may be made from time to time through open market transactions, in privately negotiated transactions, accelerated share repurchase programs or by other means. The timing and actual number of any shares repurchased will depend on a variety of factors, including market conditions. The share repurchase authorization does not have an expiration date and repurchases may be commenced, suspended or discontinued from time to time without prior notice.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the
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Media: Gary Chapman, (281) 719-4324; Investor Relations: Kurt Ogden, (801) 584-5959