Clearwater Paper Authorizes $100 Mln Stock Buyback

(RTTNews) - Clearwater Paper Corp. (CLW) Monday said its board authorized the repurchase of up to $100 million of its common stock.

The authorization follows the successful completion of the company's previous $100 million stock buyback program, which was implemented by the board in February 2014. Clearwater Paper expects to fund the repurchase through available cash resources.

"Today's announcement of a new stock repurchase program reflects our confidence in future cash generation capabilities and commitment to return capital to shareholders," said Linda Massman, president and chief executive officer.