Hydril's Board of Directors Authorizes Share Repurchase Program
09 November 2006 - 9:56PM
Business Wire
(NASDAQ:HYDL) Hydril�s Board of Directors has authorized the
Company to repurchase up to $150 million of its common stock. The
Company intends to repurchase its shares 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. (NASDAQ:HYDL) Hydril's Board of Directors has
authorized the Company to repurchase up to $150 million of its
common stock. The Company intends to repurchase its shares 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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