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Terex Boosts Buyback Program By $150M

Terex Corporation (NYSE:TEX) said its Board of Directors authorized a new share repurchase program of up to $150 million. The new…
byShivani Kumaresan
December 19, 2022
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  • Terex Corporation (NYSE:TEX) said its Board of Directors authorized a new share repurchase program of up to $150 million.
  • The new authorization is in addition to the share repurchase program announced in July 2018, under which $43 million is remaining.
  • The repurchase program may be executed through various methods, including open market purchases.
  • The program has no termination date and may be suspended or discontinued at any time.
  • The company held $231.7 million in cash and equivalents as of Sept. 30, 2022.
  • Price Action: TEX shares are trading higher by 2.49% at $42.58 on the last check Monday.
  • Photo Via Company
 
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