Glatfelter (GLT: Quote) said its board has authorized a share repurchase program for up to $25 million of its outstanding common stock.
"While we will continue to invest selectively in growth initiatives and attractive acquisitions, this action by the Board provides the financial flexibility necessary to seek value creation from additional share repurchases and demonstrates continued confidence in Glatfelter's strategic direction and our ability to generate consistently strong free cash flow," said Dante Parrini, chairman and chief executive officer.
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by RTT Staff Writer
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