York-based paper products maker P.H. Glatfelter Co.'s board of directors has authorized a share repurchase of up to $25 million of the company's outstanding common stock, according to a news release.
The timing of any repurchases and actual number of shares will depend on the market price of the company’s common stock and a variety of other factors, the release stated.
There were more than 42.7 million shares of Glatfelter’s common stock outstanding April 30, according to a recent filing with the Securities and Exchange Commission.
The price per share closed Tuesday at $15.41, according to Yahoo Finance.