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Glatfelter board authorizes up to $25M share repurchase

By , - Last modified: May 30, 2012 at 11:16 AM

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.

P.H. Glaterfelter's shares are traded on the New York Stock Exchange under the ticker symbol GLT.


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