A. Schulman To Buy Back Up To $55 Mln Of Stock - Quick Facts

(RTTNews) - Resin maker A. Schulman Inc. (SHLM) announced that its board approved a new share repurchase program authorizing the company to buy back up to $55 million of its common stock in the open market or in privately negotiated transactions, subject to market and other conditions.

The company said that purchases will take place over a three-year period ending April 2, 2017, when the Program expires.

The new Program replaces the Company's previous share repurchase program, which was authorized on April 1, 2011, and expired March 31, 2014. Under the previous program, shares valued at $55.5 million remained authorized for repurchase.