Eastman Announces $500 Million Accelerated Share Repurchase
Eastman Chemical Company (EMN)
Last eastman chemical company earnings: 5/1 04:00 pm
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US:NYSE Investor Relations:
eastman.com/company/investors/pages/introduction.aspx
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Source: Business Wire
KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo, NA and Mizuho Markets Americas LLC to repurchase $500 million of Eastman’s common stock. With the execution of the ASR, Eastman will have made significant progress towards its target of repurchasing greater than $1 billion of shares in 2022, with approximately $750 million completed in the second quarter.ASR repurchases will be under the remainder of the February 2018 $2 billion Board of Directors share repurchase authorization as well as the December 2021 Board $2.5 billion share repurchase authorization. Upon completion of the ASR, Eastman will have authorization to repurchase another approximately $2.12 billion of shares.Senior Vice President and Chief Financial Officer Willie McLain said, “This accelerated share repurchase demonstrates our confidence in our company’s market value and our commitment to
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EMN
Earnings
- 2/1/24 - Beat
EMN
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- EMN's page on the SEC website