Silgan Board Authorizes Additional Stock Buybacks

(RTTNews) - Silgan Holdings Inc. (SLGN) said Monday that its Board of Directors has authorized the company to repurchase up to an aggregate of $300 million of its common stock, inclusive of prior authorizations.

The authorization is effective through December 31, 2019.

"As in the past, we maintain a disciplined approach to capital deployment with a priority towards growth investments for the Company," said Tony Allott, President and CEO. "This authorization will allow us to repurchase stock from time to time. At this point, we see plenty of opportunities to invest in our business, and we do not envision a large one-time buyback."