Airgas today announced that its board of directors has approved a share repurchase plan.
Under the terms of the plan, the company is authorised to repurchase up to $150 million of its common stock over a three-year period as market conditions permit.
As of 3 November 2005, Airgas had approximately 77,000,000 shares of common stock outstanding.
Airgas chairman and CEO Peter McCausland, said: Our decision to initiate a share repurchase plan reflects the company’s strong financial position.
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