Linde’s board of directors has authorized a share repurchase program for up to US$1 billion of its ordinary shares.

‘This initial program for US$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.

The maximum share threshold is at 5% and the expiration date is 30 April 2019.

This story is reprinted from material from Linde, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.