Buybacks: Clarcor Authorizes $250 Million For Repurchases
June 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – The board of directors of Clarcor Inc. (NYSE: CLC) has authorized a $250 million stock repurchase program. Under the authorization, Clarcor may purchase shares from time to time in the open market or through privately negotiated transactions over the next three years.
The latest authorization replaces Clarcor’s previous share repurchase authorization, which was due to expire on June 25.
Tennessee-based Clarcor is a marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.
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