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Cytec Announces $100 Million Stock Repurchase Program

26 January 1999

Cytec Announces $100 Million Stock Repurchase Program

    WEST PATERSON, N.J.--Jan. 25, 1999--Cytec Industries Inc. announced today a program to spend up to $100 million to repurchase shares of the Company's outstanding common stock. The repurchases will be made from time-to-time on the open market or in private transactions and will be utilized for stock option plans, benefit plans and other corporate purposes. This new program is an extension of previous programs under which Cytec has spent approximately $310 million since 1996 for the repurchase of its outstanding common stock.
    Cytec Industries Inc. is a vertically integrated specialty chemical company which focuses on value-added specialty products. The company develops, manufactures and markets specialty chemicals, specialty materials and building block chemicals serving a broad group of end users, including aerospace, plastics, coatings, mining, paper, water treatment, and automotive industries.