ytec Industries Inc. CYT announced today approval by the company's Board of Directors of an
additional $200 million stock buyback authorization. The Company has
essentially completed its prior authorization of $150 million announced
in January of this year.
Shane Fleming, Chairman, President and Chief Executive Officer commented,
"We are committed to increasing the value of Cytec to our shareholders
and employees. We view stock buybacks as just one of the many
opportunities we have before us for value creation."
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