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Stock Market & Financial Investment News

News Breaks
November 20, 2012
17:17 EDTCCCCalgon Carbon announces $50M accelerated share repurchase program
Calgon Carbon Corporation announced that it has entered into an accelerated share repurchase, or ASR, agreement with Morgan Stanley to repurchase an aggregate $50M of the company's stock. The ASR is part of the company's share repurchase program that was announced yesterday and supersedes any previously announced share repurchase program. The ASR will be funded through the company's U.S. revolving credit facility. As of September 30, the company had approximately $118M available under its existing U.S. line of credit.
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