Sonoco Board of Directors Authorizes Purchase of Up to 5 Million Shares
HARTSVILLE, S.C., Oct. 20 /PRNewswire/ -- Sonoco's (NYSE: SON) board of directors has authorized the purchase of up to 5 million shares of common stock, it was announced today by Harris E. DeLoach, Jr., president and chief executive officer.
(Photo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
Approximately 2.5 million shares of the 5 million remain from a previous authorization in February 2000. The Company has repurchased approximately 2.5 million shares of common stock to date during 2000, with the last purchase being made in March 2000.
Sonoco, founded in 1899, is a $2.5 billion manufacturer of industrial and consumer packaging products and provider of packaging services, with 285 operations in 33 countries serving customers in some 85 nations. For more information on the company, visit www.sonoco.com.
SOURCE Sonoco
Web site: http: //www.sonoco.com
Photo: NewsCom: http: //www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT: Allan V. Cecil, Vice President of Sonoco, 843-383-7524, or allan.cecil@sonoco.com
CAPTION: SNCLOGO SONOCO LOGO Sonoco Logo. (PRNewsFoto)[KC] HARTSVILLE, SC USA 10/06/1999