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
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.
Investors: John Barry, (708) 551-2592
Media: Mark Lindley, (708) 551-2602