Graphic Packaging Holding Company Buyback
OLI recorded this information on 1/11/2017
Graphic Packaging Holding Company
Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced a new $250 million share repurchase authorization. The new $250 million authorization allows for the repurchase of shares from time to time through open market purchases, privately negotiated transactions and Rule 10b5-1 plans in accordance with applicable securities laws. The timing of purchases will depend on market conditions.
Graphic Packaging Holding is a provider of paper-based packaging solutions for a range of products to food, beverage, foodservice and other consumer products companies. Co.'s segments are: Paperboard Mills, which produces primarily coated-recycled paperboard, coated unbleached kraft paperboard, and solid bleached sulfate paperboard; Americas Paperboard Packaging, which includes paperboard packaging, primarily folding cartons, sold to Consumer Packaged Goods (CPG) companies, and cups, among others; and Europe Paperboard Packaging, which includes paperboard packaging, primarily folding cartons, sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe.
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Strong Buy (3.50 out of 4)