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STOCK REPURCHASE PROGRAM | 12 Months Ended
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Dec. 31, 2014
STOCK REPURCHASE PROGRAM |
STOCK REPURCHASE PROGRAM | NOTE 13 STOCK REPURCHASE PROGRAM On October 30, 2014, the Company announced a new share repurchase authorization of up to $350 million of common stock. This new authorization replaces previous authorizations and has no expiration date. AptarGroup may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. On December 17, 2014, the Company entered into an agreement to repurchase approximately $250 million of its common stock under an accelerated share repurchase program (the "ASR program"). The ASR program is part of the Company's $350 million share repurchase authorization. The Company paid $250 million to Wells Fargo Bank N.A. in exchange for approximately 3.1 million shares, currently estimated to represent approximately 80% of the total number of shares expected to be purchased in the ASR program based on market prices at that time. The ultimate number of shares to be repurchased under the ASR program will be based on the volume-weighted average price of the Company's common stock during the term of the ASR program, less a discount. The Company repurchased approximately 4.5 million and 2.0 million shares of its outstanding common stock in 2014 and 2013, respectively, at a total cost of $340.5 million and $118.8 million in 2014 and 2013, respectively. Shares repurchased are returned to Treasury Stock.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
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