Minerals Technologies Announces $75M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Minerals Technologies Inc. has announced a $75 million share repurchase program. The company's board of directors has authorized the repurchase of its common stock from time to time, in the open market or privately negotiated transactions.
October 26, 2023 | 9:13 pm
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Minerals Technologies Inc. (MTX) has announced a $75 million share repurchase program. This could potentially increase the stock's price in the short term as it indicates the company's confidence in its own stock.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares outstanding, it can increase earnings per share and potentially boost the stock's price. However, the actual impact will depend on market conditions and investor sentiment.
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