Industry News

International Paper Announces Additional $1.5 Billion Share Repurchase Authorization

Declares quarterly cash dividend

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper announced its board of directors has authorized management to acquire up to $1.5 billion of additional shares of the company’s common stock to supplement the $1.5 billion share repurchase program authorized in September 2013. The company intends to continue to repurchase such shares in open market repurchase transactions.   “Today’s $1.5 billion expansion of our share repurchase program reflects our continued confidence in International Paper’s strong, sustainable free cash f...

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