Cabot (CBT) said late Tuesday it has secured board approval to buy back up to 10 million additional common shares, increasing its existing repurchase program to about 11 million shares.
The timing and amount of repurchases will be subject to market conditions and other unspecified factors, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.