Celanese Announces Authorization of Stock Repurchase Plan
The Board of Directors of Celanese Corporation (NYSE:CE), on June 4, 2007, authorized the Company to repurchase up to $330 million of its Series A common stock, par value $0.0001. The authorization gives management discretion in determining the conditions under which shares may be purchased from time to time.
“Our solid financial position allows us to undertake this program, while retaining the financial flexibility necessary to invest in our growth strategy,” said David Weidman, chairman and chief executive officer.
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