159 PPG has announced that its board of directors has authorized the repurchase of $2.5 billion of outstanding common stock. The authorization is effective immediately, has no expiration date, and grants management discretion in determining the conditions under which shares may be purchased. This newly authorized share repurchase program is in addition to the company’s existing authorization approved in December 2017, which had approximately $860 million remaining as of March 31, 2024. Repurchases will be conducted in compliance with applicable securities laws, either in the open market or through privately negotiated transactions. The commencement or cessation of repurchases may occur without prior notice, depending on various factors such as economic and equity market conditions, the extent of other cash uses (including acquisitions), and other considerations. You Might Be Interested In Pacific Life Launches New Indexed Universal Life Insurance Product Vijay Shekhar Sharma Aims to Elevate Paytm to Asia Leadership Following RBI’s Action on Paytm Payments Bank Citigroup to Divest Trust Administration and Fiduciary Services as Part of Strategic Overhaul Farmers Insurance Appoints Eric Coleman as President of Business Insurance Israel Raises $8 Billion in Bonds to Offset Financial Losses Zoetis Set to Attend William Blair 44th Annual Growth Stock Conference
