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Bemis to buy back 10 million of its shares

from Milwaukee Wisconsin Journal-Sentinel

Bemis Co. said it plans to buy back 10 million of its shares, replacing a previous repurchase program for 3.1 million shares. Last month, the Neenah-based flexible packaging company reported third-quarter earnings of $61.4 million, or 55 cents a share, up 72 percent from $35.8 million, or 35 cents a share, a year earlier. The company missed analysts' estimates of 60 cents a share. more


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