Monday, July 16, 2007

Rohm and Haas board OKs $2 bln buyback, stock up

(Reuters) - In an accelerated plan, the Philadelphia-based company will buy back $1 billion of its shares during the third quarter, funded by new debt. That plan will start after an existing $1 billion share repurchase program, authorized in December 2004, is completed.




Using cash, Rohm and Haas said it will repurchase the remaining $1 billion in shares from 2008 to 2010.


Read more at Reuters.com Hot Stocks News

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