The Board of Directors of Praxair Inc. (NYSE:PX) authorized a share repurchase program on January 25, 2012. Under the program, the company will repurchase up to $1.5 billion worth of its shares. Repurchases may take place from time to time on the open market which may include the use of 10b5-1 trading plans or through negotiated transactions, subject to market and business conditions. The repurchases will be financed by available cash and debt. The repurchase program has no set date of expiration.