Glanbia plc (LON:GL9), the Better Nutrition company, said on Wednesday that it will commence a share buy-back programme of up to €50 million, which sent the company's shares higher. At 4:35 am (0835 GMT), Glanbia plc was trading 3.8% higher at €17.58. The programme aims to reduce the number of outstanding shares and is in line with the €50 million share buy-back authority approved earlier this year.
The Irish ingredients company said the acquisition will enhance its organic and natural flavor capabilities in the U.S.