PH Glatfelter Co. (GLT: Quote) said Thursday that its Board of Directors has authorized a share repurchase program for up to $50 million of its outstanding common stock.
The company said it plans to make these repurchases over the next year in accordance with applicable securities regulations.
The program, which does not obligate the company to repurchase any particular amount of common stock, may be modified or suspended at any time at the Board's discretion.
by RTT Staff Writer
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