Ingredion authorizes 4M share buyback program

|By:, SA News Editor

Ingredion (INGR +0.4%) shares turn positive after the board authorizes a new 4M share repurchase program expiring in 2018. The authorization comes after Ingredion completed its previous 5M share program in Q4, with 2.5M shares repurchased during the quarter alone.

If fully executed, the program would decrease shares outstanding by 5.2%.