WESTCHESTER, Ill., Nov. 7 /PRNewswire-FirstCall/ -- Corn Products
International, Inc. (NYSE: CPO), a leading global provider of agriculturally
derived ingredients for diversified markets, announced today that its Board of
Directors has authorized a new common stock repurchase program of 5 million
shares, effective on November 9, 2007 and expiring on November 30, 2010.
Corn Products International's existing stock repurchase program of
4 million shares was authorized on February 9, 2005. As of the close of
business on November 6, 2007, the Company had repurchased approximately
3.3 million shares under the existing program, then leaving approximately
700,000 shares available for repurchase.
Under both programs, 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 is one of the world's largest corn refiners
and a major supplier of high-quality food ingredients and industrial products
derived from the wet milling and processing of corn and other starch-based
materials. The Company, headquartered in Westchester, Ill., is the number-one
worldwide producer of dextrose and a leading regional producer of starch, high
fructose corn syrup and glucose. In 2006, Corn Products International reported
record net sales and diluted earnings per share of $2.62 billion and $1.63,
respectively, with operations in 15 countries at 35 plants, including wholly
owned businesses, affiliates and alliances. For more information, visit
http://www.cornproducts.com.
SOURCE
Corn Products International, Inc.
CONTACT:
Investors, Dave Prichard, +1-708-551-2592, or media, Mark
Lindley, +1-708-551-2602, both of Corn Products International, Inc.
