THE WOODLANDS, Texas,
Aug. 5, 2011 /PRNewswire/ -- Huntsman
Corporation (NYSE: HUN) today announced that the company's board of
directors has authorized the company to repurchase up to
$100 million in shares of its common
stock.
Peter R Huntsman, President and CEO of the company, commented:
"Yesterday, we announced one of the strongest quarters in
our company's history. This share repurchase program is an
expression of confidence in the company's long term future and
ability to create further shareholder value."
This program is effective immediately. Repurchases under
this program will be made through the open market or in privately
negotiated transactions. These repurchases may be commenced
or suspended from time to time without prior notice.
The board also declared a $0.10
per share cash dividend on its common stock. The dividend is
payable on September 30, 2011 to
stockholders of record as of September 15,
2011.
About Huntsman:
Huntsman is a global manufacturer and marketer of
differentiated chemicals. Its operating companies manufacture
products for a variety of global industries, including chemicals,
plastics, automotive, aviation, textiles, footwear, paints and
coatings, construction, technology, agriculture, health care,
detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman
has approximately 12,000 employees and operates from multiple
locations worldwide. The Company had 2010 revenues of over
$9 billion. For more information
about Huntsman, please visit the company's website at
www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. These statements are based on
management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes
in circumstances and involve risks and uncertainties that may
affect the company's operations, markets, products, services,
prices and other factors as discussed in the Huntsman companies'
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The
company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as
otherwise required by applicable laws.
SOURCE Huntsman Corporation