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PRESS RELEASE
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FOR IMMEDIATE RELEASE: CONTACT:
VALHI, INC. John A. St. Wrba
Three Lincoln Centre Vice President and Treasurer
5430 LBJ Freeway, Suite 1700 (972) 233-1700
Dallas, Texas 75240-2697
VALHI ANNOUNCES STOCK REPURCHASE PROGRAM AND
DECLARES QUARTERLY DIVIDEND
DALLAS, TEXAS . . . November 1, 2006 . . . Valhi, Inc. (NYSE: VHI)
announced today that its board of directors has authorized the repurchase of up
to 5.0 million shares of Valhi's common stock in open market transactions,
including block purchases, or in privately negotiated transactions, which may
include transactions with affiliates of Valhi. The shares subject to this new
repurchase program are in addition to the 5.0 million share repurchase program
Valhi announced on April 1, 2005 under which approximately 620,000 shares remain
available for repurchase. As October 31, 2006, the approximately 5.62 million
shares available for repurchase under both repurchase plans represent 4.9% of
Valhi's 115.2 million shares of common stock outstanding. The stock may be
purchased from time to time as market conditions permit.
The new stock repurchase program does not include specific price targets or
timetables and may be suspended at any time. This stock repurchase program will
be conducted in compliance with all applicable state and federal laws. Depending
on market conditions, the program could be terminated prior to completion. Valhi
will use its cash on hand to acquire the shares. Repurchased shares will be
retired and cancelled or may be added to Valhi's treasury and could be used for
employee benefit plans, future acquisitions or other corporate purposes.
Valhi also announced that its board of directors has declared a regular
quarterly dividend of ten cents ($0.10) per share on its common stock, payable
on December 29, 2006 to stockholders of record at the close of business on
December 8, 2006.
Valhi, Inc. is engaged in the titanium dioxide pigments, component products
(security products, furniture components and performance marine components),
titanium metals products and waste management industries.
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