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[February 2010]
Share Repurchase Programme at Minerals Technologies Inc
The Board of Directors of Minerals Technologies Inc (New York, USA) this week authorised a share repurchase programme of US$75 million over a two-year period. This authorisation succeeds the previous repurchase programme that expired in October of 2009.
"This authorization will permit the company to renew our share repurchase program that was suspended to conserve cash during the fourth quarter of 2008 when the worldwide economy took a dramatic downturn," said Joseph Muscari, Chairman and CEO. "We expect to continue with the balanced, opportunistic approach to buying back our shares that we had been following under previous authorizations."
Minerals Technologies Inc is a global resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of US$907.3 million in 2009.
www.mineralstech.com
ENDS