Seeking Alpha

Calgon Carbon won't pursue an MLP, expands stock buyback program

  • Calgon Carbon (CCC) nixes the notion of creating an MLP, saying the concept is not accretive to shareholder value due to rules on qualifying income, the structural support needed, and the additional costs of creating and operating an MLP.
  • Instead, CCC will expand its stock buyback program, authorizing up to an additional $100M of stock repurchases.
  • CCC also plans an additional $10M in cost cuts, bringing to $40M its total annual cost improvements.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: