Ecolab (NYSE:(ECL) Inches Upward on Possible Repurchase of 10 Million Shares

Shares of Ecolab (NYSE:ECL) are trading 0.4% higher to $42.30 Monday after the world's largest maker of cleaning chemicals for hotels and restaurants said it may buy back as many as 10 million additional shares.

As of December 31, 2009, Ecolab had approximately 2.7 million shares remaining under a previous repurchase authorization approved in October of 2006. Ecolab had approximately 236.3 million shares outstanding on January 31, 2010.