Huntsman (HUN) Announces $150M Stock Buyback Plan

After the close, Huntsman (NYSE: HUN) announced that its board of directors has authorized the repurchase of up to $150 million of the company's common stock.

Peter R Huntsman, President and CEO, commented: "This share repurchase program is an expression of confidence in the company's long term future and ability to generate further shareholder value. We are reviewing our current capital plan for 2016 and 2017 and believe we can reduce capital expenditures and improve working capital commensurate with the costs of the repurchase program. As we complete our remaining cost reduction objectives of more than $100 million and complete various capital projects early next year, we will see the benefits of these measures as well."

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