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Stock Market & Financial Investment News

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November 19, 2012
18:10 EDTCCCCalgon Carbon authorizes $100M share repurchase program
Calgon Carbon Corporation announced that its board of directors has approved a share repurchase program for up to $100M of the company's outstanding stock. "The initiation of the stock repurchase program follows the completion of our 2013 profit plan. Reduced capital requirements, a lower cost structure resulting from our previously announced $20M cost improvement program, and better working capital management are expected to result in improved profitability and cash flow generation," the company said.
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