Hydril's Board of Directors Authorizes Share Repurchase Program
08 March 2006 - 10:00AM
Business Wire
(NASDAQ:HYDL) Hydril's Board of Directors has authorized the
Company to repurchase up to $100 million of its common stock over
the next twelve months. The Company intends to repurchase its
shares beginning in the second quarter of 2006, in the open market
or in privately negotiated transactions based on, among other
things, its ongoing capital requirements, expected cash flows,
regulatory restraints, and general market conditions. Hydril
Company, headquartered in Houston, Texas is engaged worldwide in
engineering, manufacturing and marketing premium connections and
pressure control products used for oil and gas drilling and
production.
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