- 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.
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