Packaging Corporation of America Buyback
OLI recorded this information on 2/25/2016
Packaging Corporation of America
Packaging Corporation of America (NYSE:PKG) announced today that its Board of Directors has authorized the repurchase of an additional $200 million of the company's outstanding common stock. The company completed repurchases under its previously-announced authorization earlier this month.
Packaging Corporation of America is a producer of containerboard products and a producer of uncoated freesheet paper. Co.'s segments include: Packaging, which produces a variety of corrugated packaging products, including shipping containers, multi-color boxes and displays, and honeycomb protective packaging, as well as produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products; Paper, which manufactures and sells papers, including both commodity and specialty papers; and Corporate and Other, which includes transportation assets, such as rail cars and trucks, to transport Co.'s products to and from its manufacturing sites.
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Hold (2.33 out of 4)
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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