Celanese Corporation Increases Share Repurchase Plan to $200M

Celanese Corporation CE announced that its board of directors has approved an increase in its existing share repurchase authorization to a total of $200 million of its Series A common stock. As of March 31, 2011, the company had $71 million remaining under its previously announced plan that authorized up to $500 million. The authorization gives management discretion in determining the timing and conditions under which shares may be repurchased.