Silgan Holdings (SLGN) Jumps on $250M Tender Offer, Additional Stock Repurchase Plan
Get Alerts SLGN Hot Sheet
Price: $44.50 --0%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.7%
Revenue Growth %: -3.5%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.7%
Revenue Growth %: -3.5%
Join SI Premium – FREE
Silgan Holdings, Inc. (NASDAQ: SLGN) is nearly 4 percent higher early Monday after commencing a "modified Dutch Auction" tender offer to purchase up to $250 million of its common stock.
In addition, Silgan also announced that its Board of Directors has authorized the repurchase of up to an additional $100 million of the Company's common stock, resulting in an aggregate outstanding authorization for stock repurchases of $350.1 million, a portion of which will be utilized in the tender offer. This authorization is effective through December 31, 2014.
In addition, Silgan also announced that its Board of Directors has authorized the repurchase of up to an additional $100 million of the Company's common stock, resulting in an aggregate outstanding authorization for stock repurchases of $350.1 million, a portion of which will be utilized in the tender offer. This authorization is effective through December 31, 2014.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Veritex Holdings (VBTX) Announces Stock Buyback Program and Investment Portfolio Restructuring
- US Energy (USEG) Announces $5M Share Buyback
- TD SYNNEX Corp. (SNX) announces Pricing of Upsized Secondary Public Offering
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock BuybackSign 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!