NewMarket Corporation Announces Share Repurchase Authorization

NewMarket Corporation (NYSE:NEU) reported today that its Board of Directors approved a share repurchase program that authorizes management to repurchase up to $100 million of NewMarket's outstanding common stock until December 31, 2010, as market conditions warrant and covenants under NewMarket's existing bank and bond agreements permit. The Board of Directors also terminated the repurchase program that was previously announced on October 26, 2007. NewMarket may conduct its share repurchases in the open market and in privately negotiated transactions. The repurchase program does not require NewMarket to acquire any specific number of shares and may be terminated or suspended at any time. NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and... [read full story]