Domtar Corporation Buyback
OLI recorded this information on 2/24/2015
In the context of its regular review of the capital allocation policy, the Board of Directors also authorized an increase of $300 million in Domtar's share buyback program. This is in addition to the Company's prior $1 billion repurchase authorization, under which approximately $83 million remained available as of December 31, 2014.
Domtar is engaged in designing, manufacturing, marketing and distributing a variety of fiber-based products including communication papers, specialty and packaging papers and components of absorbent hygiene products. Co. is a marketer of uncoated freesheet paper in North America serving a variety of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end-users. Co. operates in one reportable segment, Pulp and Paper. This segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, hardwood and fluff pulps and airlaid and laminated cores.
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Buy (3.00 out of 4)