LyondellBasell to buy back up to 10% of shares, valued at ~$4.4B

|About: LyondellBasell Industries N.V. (LYB)|By:, SA News Editor

LyondellBasell (NYSE:LYB) announces a new share repurchase program authorizing the company to buy back as much as 10% of outstanding shares over the next 18 months.

Based on Thursday's closing price of $112.12 and 391M shares outstanding as of May 30, the buyback could be valued at $4.38B.

Shareholders also approve a plan to transition to a unitary board of directors from a dual board structure.

Earlier: LyondellBasell declares $1.00 dividend (June 1)

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