Linde (LIN) Announces Initial $1 Billion Share Repurchase Program

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Go back to Linde (LIN) Announces Initial $1 Billion Share Repurchase Program

Linde plc Announces Initial USD 1 Billion Share Repurchase Program

December 10, 2018 6:51 AM EST

GUILDFORD, UK / ACCESSWIRE / December 10, 2018 / Linde plc (NYSE: LIN); (XETRA: LIN) today announced its Board of Directors has authorized a share repurchase program for up to USD 1.0 billion of its ordinary shares.

"This initial program for USD 1 billion will allow us to immediately take advantage of an opportunistic time for stock repurchases until we formally communicate a comprehensive capital allocation policy in the first quarter," said Steve Angel, CEO of Linde plc. "With a strong balance sheet and excess free cash flow, the company is well-positioned... More