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STOCK REPURCHASE PROGRAM
9 Months Ended
Sep. 30, 2014
STOCK REPURCHASE PROGRAM  
STOCK REPURCHASE PROGRAM

NOTE 10 – STOCK REPURCHASE PROGRAM

 

During the three and nine months ended September 30, 2014, the Company repurchased approximately 600 thousand and 1.4 million shares for approximately $37.6 million and $90.5 million, respectively.  As of September 30, 2014, the Company has a remaining authorization to repurchase 2.6 million additional shares.  The timing of and total amount expended for the share repurchases depends upon market conditions.  On October 30, 2014, the Company announced a new share repurchase authorization of up to $350 million of common stock.  This new authorization replaces previous authorizations.  AptarGroup may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions.