IHS Chemical Week

People & Business :: Companies

A. Schulman announces $55-million share repurchase program

9:12 AM MDT | April 8, 2014 | Lindsay Frost

A. Schulman announced today that its board has authorized the repurchase up to $55 million of its common stock. Purchases will take place over a three-year period, ending on 2 April 2017, the company says. This program replaces the company’s share repurchase program, authorized on 1 April 2011 and expiring on 31 March 2014. Under that program, shares valued at $55.5 million remained authorized for repurchase, the company says. The company yesterday reported its first quarter earnings up on European strength. Net income of $7 million was down 41%...

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