Olin Corp. launches $1B stock buyback program
Olin Corp., the Clayton-based manufacturer and distributor of chemicals and ammunition, said Monday that its board approved a new $1 billion share repurchase program to increase the value of its stock.
The new 2021 Share Repurchase Program calls for the company to buy back shares of Olin's common stock periodically, on the open market or in privately negotiated transactions. The program has no time limit, and purchases depend on factors including Olin's market price and general market and economic…