Dow chemical declares $25 million Share Repurchase Program
15 Jul '05
2 min read
Leading in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets The Dow Chemical Company announced its board of directors has authorized the repurchase of up to 25 million of the Company's outstanding common shares over a period ending on December 31, 2007.
"Over the past two years Dow has significantly improved its financial performance and reduced overall debt levels, improving the Company's financial flexibility," said J. Pedro Reinhard, Dow's executive vice president and chief financial officer. "The Company believes that the stock is an excellent value and that a share repurchase program represents a wise use of Dow's cash flow, supporting its objective to maximize long-term shareholder value."
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets.
With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
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