WestRock Reports Recent Share Repurchases
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WestRock announced yesterday that it has repurchased more than 3.7 million shares of its common stock since November 10, 2015, at an average price of less than $45 per share. The vast majority of these shares were purchased after December 15, 2015, via an ongoing 10b5-1 program. Since July 1, 2015, the company has repurchased 9 million shares under its 40 million share repurchase authorization.
"WestRock has a great business platform and strong cash flows, and we are executing on our disciplined and balanced capital allocation strategy," said Steve Voorhees, CEO of WestRock.
