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Glatfelter board authorizes up to $25M share repurchase

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

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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.

 

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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