CSS Industries, Inc. Authorizes Additional Common Stock Repurchases
May 19 2015 - 4:09PM
Business Wire
CSS Industries, Inc. (NYSE:CSS) today announced that its Board
of Directors has authorized an additional buy back of up to 500,000
shares of its Common Stock at prices and pursuant to other terms
and conditions that the Company's officers deem appropriate. Share
repurchases under the program may take place through open market
purchases or privately negotiated transactions. There are 9,343,753
shares of the Company's Common Stock presently outstanding. Any
such buy back is subject to compliance with applicable regulatory
requirements and relevant covenants in the Company's credit
facility.
CSS is a consumer products company primarily engaged in the
design, manufacture, procurement, distribution and sale of all
occasion and seasonal social expression products, principally to
mass market retailers. These all occasion and seasonal products
include decorative ribbons and bows, boxed greeting cards, gift
tags, gift wrap, gift bags, gift boxes, gift card holders,
decorative tissue paper, decorations, classroom exchange
Valentines, floral accessories, Easter egg dyes and novelties,
craft and educational products, stickers, memory books, stationery,
journals, note cards, infant and wedding photo albums, scrapbooks,
and other gift items that commemorate life’s celebrations.
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CSS Industries, Inc.Vincent A. PaccapanicciaChief Financial
Officer215-569-9900
CSS Industries (NYSE:CSS)
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