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|Corn Products International Board of Directors Authorizes an Extension of Its Stock Repurchase Program|
WESTCHESTER, Ill., Nov 17, 2010 (BUSINESS WIRE) --
Corn Products International, Inc. (NYSE: CPO), a leading global provider of agriculturally derived ingredients for diversified markets, today announced that its Board of Directors has authorized an extension of its stock repurchase program permitting the purchase of up to 5 million of its outstanding common shares through November 30, 2015.
The stock repurchase program was authorized on November 7, 2007 and would have expired on November 30, 2010. The Company has repurchased approximately 315,000 shares under the program, leaving approximately 4.7 million shares available for repurchase.
Under the program, repurchases of issued and outstanding common stock may be made from time to time in the open market, in privately negotiated transactions or otherwise, at prices that the Company deems appropriate.
About the Company
Corn Products International, Inc. is one of the world's largest suppliers of high-quality food ingredients and industrial products derived from the wet milling and processing of starch-based materials. The Company, headquartered in Westchester, Ill., is a leading worldwide producer of dextrose and a major regional producer of starches, sweeteners and other ingredients. In 2009, Corn Products International reported net sales of $3.67 billion, with operations in 12 companies at 27 plants, including wholly owned businesses, affiliates and alliances. For more information, visit www.cornproducts.com.
SOURCE: Corn Products International, Inc.
Corn Products International, Inc.