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Westlake Chemical announces expansion of existing share repurchase program

Published 08/17/2018, 05:01 PM
© Reuters.  Westlake Chemical announces expansion of existing share repurchase program
  • The Board of Directors of Westlake Chemical Corporation (WLK -1.4%) authorized the company to repurchase an additional $150M of shares of its common stock under its existing share repurchase program.
  • As of August 17, 2018, ~6.5M shares of common stock had been acquired at an aggregate purchase price of ~$360M under the program.
  • After this expansion of the size of the program, and as of the same date, an aggregate of ~$290M will be available for purchase under the program.
  • This expansion is effective immediately.
  • Now read: Bulletproof Investing Performance Update: Week 37


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