Calgon Carbon (CCC) Approves $100M Buyback Plan
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Calgon Carbon Corporation (NYSE: CCC) announced today that its board of directors has approved a share repurchase program for up to $100 million of the company’s outstanding stock.
The company may use its existing credit facility, cash on hand, and cash generated from operations to fund the share repurchase program. As of September 30, 2012, Calgon Carbon had availability under its U.S. revolving credit facility of approximately $118 million and cash and cash equivalents of approximately $19 million.
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The company may use its existing credit facility, cash on hand, and cash generated from operations to fund the share repurchase program. As of September 30, 2012, Calgon Carbon had availability under its U.S. revolving credit facility of approximately $118 million and cash and cash equivalents of approximately $19 million.
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