Eastman Showing Confidence With Accelerated Share Repurchase Agreement

Kingsport’s Eastman Chemical Company announces an agreement to repurchase 500 million dollars of Eastman’s own common stock. The move places Eastman closer to its goal of repurchasing greater than one billion dollars of shares in 2022. Senior Vice President and Chief Executive Officer, Willie Mclain says the accelerated share repurchase demonstrates Eastman’s confidence in the company’s market value and the commitment of delivering value to Eastman stockholders. Eastman opened the market today at yesterday’s closing price of one hundred five dollars and 67 cents per share.