Silgan Holdings Inc. (SLGN), a packaging solutions provider, Wednesday announced that it is authorized to buy back up to an aggregate of $500 million of the company's stock through December 31, 2029.
"This new authorization replaces our prior authorization which had approximately $25 million remaining for common stock repurchases.", commented Adam Greenlee, chief executive officer of Silgan.
In pre-market activity, Silgan shares are trading at $39.85, up 3.21% on the New York Stock Exchange.
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