Glatfelter Buyback
OLI recorded this information on 5/1/2014
Company:
Glatfelter
Buyback:
GLT buyback
$Amount Authorized:
$25,000,000
Buyback Details:
Glatfelter (NYSE:GLT) today announced that its Board of Directors approved a $25 million increase to the Company's share repurchase program and extended the expiration date of the program to May 1, 2016. Under the revised program, the Company may repurchase up to $50 million of its outstanding common stock of which it has used $8.7 million through April 30, 2014.
Glatfelter is a global supplier of engineered materials consumer and industrial applications. Co.'s segments are Composite Fibers, Airlaid Materials and Spunlace. Co.'s Composite Fibers segment processes long fibers, primarily from natural sources such as abaca, and other materials to create products. Co.'s Airlaid Materials segment is a global supplier of absorbent and engineered cellulose-based airlaid nonwoven materials, primarily used to manufacture consumer products. Co.'s Spunlace segment is a global specialty manufacturer of spunlace nonwovens for critical cleaning, high-performance materials, personal care, surface disinfecting wipes, hygiene, beauty care and medical applications.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: GLT Stock Forecast Based on Zacks ABR data; powered by Xignite |
