Terex Boosts Buyback Program By $150M

Terex Corporation TEX said its Board of Directors authorized a new share repurchase program of up to $150 million.
The new authorization is in addition to the share repurchase program announced in July 2018, under which $43 million is remaining.
The repurchase program may be executed through various methods, including open market purchases.
The program has no termination date and may be suspended or discontinued at any time.
The company held $231.7 million in cash and equivalents as of Sept. 30, 2022.
Price Action: TEX shares are trading higher by 2.49% at $42.58 on the last check Monday.
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