Hexcel Authorizes Additional $150 Million Share Repurchase
STAMFORD, Conn. -- June 4, 2014
Hexcel Corporation (NYSE:HXL)(Paris:HXL) today announced that its Board of
Directors authorized the repurchase of an additional $150 million of the
Company’s common stock. The Company also announced that it had recently
completed the $150 million share repurchase program authorized in July 2013.
Under the new program announced today, purchases may be made from time to time
in the open market or in privately negotiated transactions. The amount and
timing of the purchases will depend on a number of factors including the price
and availability of shares of common stock, trading volume and general market
Hexcel Corporation is a leading advanced composites company. It develops,
manufactures and markets lightweight, high-performance structural materials,
including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems,
adhesives and composite structures, used in commercial aerospace, space and
defense and industrial applications such as wind turbine blades.
Michael Bacal, 203-352-6826
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