Published July 14, 2015 7:34am EDT | Updated July 24, 2015 10:37pm EDT

Sealed Air Board Approves Share Buyback Of Up To $1.5 Bln

Sealed Air Corp. said Tuesday its board has approved a share buyback of up to $1.5 billion. The program has no expiration date and replaces a program that has been terminated. Shares of the packaging company were not yet active in premarket trade, but have gained 24.4% in the year so far, while the S&P 500 has gained 2$.