| 2016-10-07 08:28:49|
PPG 08:28 10/07 10/07/16
PPG Industries board authorizes $2B share repurchase program
The company said that its board of directors has authorized a $2 billion share repurchase program. This program is in addition to the company's existing share repurchase authorization which was approved in 2014 and had approximately $520 million remaining as of September 30, 2016. The company has deployed approximately $1.85 billion of cash on acquisitions and share repurchases, including about $250 million of share repurchases completed during the third quarter 2016, against its previously stated target of $2.0 billion to $2.5 billion for 2015 and 2016 combined.