Plum Creek (PCL) Announces New $200M Buyback
More News related to PCL
- Plum Creek Schedules Earnings Release and Conference Call for July 27
- BMO Capital Initiates Coverage on Plum Creek Timber (PCL) with an Outperform
- Notable Analyst Rating Changes 6/17: QCOM, TXN, USB, NVDA, NFLX Upgraded; UFS, PCL, UL, CMI Downgraded
- J.P. Morgan Downgrades Plum Creek Timber (PCL) to Underweight
- Plum Creek President and CEO to Speak at 2009 NAREIT Investor Forum
Plum Creek (NYSE: PCL) completed its previously approved $200 million open-market share repurchase program and that its board of directors authorized an additional $200 million share repurchase program.
CEO Rick Holley said, "This action underscores our conviction about the long-term value of our assets and our strategy to create and capture shareholder value. Through these actions, we have acquired attractively priced timber and land assets in the stock market, increasing our shareholders' proportionate ownership interest in these assets. We will continue our disciplined approach to capital allocation, taking into consideration all our options for long-term value creation."
Related Categories
Stock BuybacksStocks Mentioned
-5.18Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
