Bemis widens stock buyback to 10M shares

The Business Journal Related: Manufacturing Bemis Co. Inc. said Thursday that its board has approved increasing its stock repurchase program to 10 million shares. The share repurchase authorization replaces a previous 3.1-million share buyback program. The approval allows the Neenah-based supplier of flexible packaging and pressure sensitive materials to use a portion of its free cash flow to repurchase shares from time to time through open market purchases, privately negotiated transactions, accelerated share repurchase programs, or predetermined trading plans. Henry Theisen, president and CEO of Bemis Co. (NYSE: BMS), said the board authorization "further demonstrates our confidence in the