Air Products has completed a $1 billion share repurchase program with the buyback of $299 million of shares in the current quarter. Overall, Air Products has redeemed $649 million of stock in the entire year. The company’s board has also authorized a new $1 billion share repurchase program. The move will allow the company to buyback shares at its discretion, while maintaining sufficient funds for investing in growth opportunities.
Click here for the release from PR Newswire.