Allegheny Technologies Incorporated Buyback
OLI recorded this information on 2/2/2022
Allegheny Technologies Incorporated
Allegheny Technologies Incorporated (NYSE:ATI) announced that its board of directors has authorized the repurchase of up to$150 millionof its outstanding common stock. Repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs. Open market repurchases will be structured to occur within the pricing and volume requirements of SEC Rule10b-18. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and it may be modified, suspended, or terminated at any time by the board of directors without prior notice.
Allegheny Technologies is a manufacturer of specialty materials and components. Co. operates in two business segments: High Performance Materials and Components, which produces a range of materials, and components, and metallic powder alloys made from titanium and titanium-based alloys, nickel-based alloys and superalloys, and a variety of other materials; and Advanced Alloys and Solutions , which produces nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of forms including plate, sheet, and strip products.
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Strong Buy (4.00 out of 4)