Technipfmc announces $400 million share repurchase authorization

Newcastle & houston--(business wire)--technipfmc (nyse: fti) (“technipfmc” or the “company”) announced today that its board of directors has authorized a new share repurchase program under which the company may repurchase up to $400 million of its outstanding ordinary shares. the program represents 14 percent of the company's outstanding shares at yesterday's closing price. doug pferdehirt, technipfmc's chair and ceo, stated, “the rapid improvement in our capital structure has enabled us to acc
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