ATMI Inc., which provides specialty materials to semiconductor makers, said Monday its board has authorized a share repurchase program for up to $50 million in stock.
The program has no repurchase date and doesn't require a specific amount of shares. Buybacks will be made in the open market and through privately negotiated transactions.
ATMI, which is based in Danbury, said it had about 31.5 million shares outstanding as of June 30.
ATMI shares closed Monday down 4 cents at $12.46.