Chesapeake Corporation Announces Share Purchase Authorization.Business Editors RICHMOND, Va.--(BUSINESS WIRE)--April 27, 2000 Chesapeake Corporation (NYSE NYSE See: New York Stock Exchange :CSK CSK see chronic superficial keratitis. ) announced today that its board of directors has renewed the authorization to purchase up to one million shares of Chesapeake's common stock within the next 12 months. The purchases may be made through open market purchases, or in privately negotiated transactions. Any shares purchased pursuant to the authorization will be cancelled. Chesapeake has purchased 1.5 million shares against previously approved open market repurchase authorizations so far this year. Chesapeake Corporation, headquartered in Richmond, Va., is a global leader in specialty packaging and merchandising services. Chesapeake is the largest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. producer of temporary and permanent point-of-purchase displays, the leading European folding carton, leaflet and label supplier, and a local leader in specific U.S. markets for customized, corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. packaging. Chesapeake has over 70 locations in North America, Europe, Africa and Asia. Chesapeake's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 1999 were $1.2 billion. Chesapeake's web site address is http://www.cskcorp.com . |
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