Hexion Holdings Corp. Announces Share Repurchase Program
COLUMBUS, OH - Hexion Holdings Corp. announced that its Board of Directors authorized a share repurchase program of up to $50 million of the company’s outstanding common shares.
“While the intent is to primarily deploy excess cash flow from operations and/or any asset divestiture to reduce debt, the board has authorized the company to purchase up to $50 million of Hexion stock as opportunities arise,” said Craig A. Rogerson, Chairman, President and CEO.