Covanta Holding Authorizes $30 Million Buyback

Sep 22, 2008 (financialwire.net via COMTEX) -- CVA | Quote | Chart | News | PowerRating -- September 21, 2008 (FinancialWire) -- Covanta Holding Corp.'s (NYSE: CVA | Quote | Chart | News | PowerRating) (Current Market Cap: US$3.93 Bil.) board has authorized the repurchase of up to $30 million of the company's common stock.

The company's board said it has determined that this authorization "enables the company to respond opportunistically to volatile market conditions."

Fairfield, New Jersey-based Covanta Holding is an owner and operator of large-scale energy-from-waste and renewable energy projects. Covanta's 38 facilities use municipal solid waste to generate energy.

Covanta's facilities convert more than sixteen million tons of waste into more than eight million megawatt hours of clean renewable electricity and create ten billion pounds of steam that are sold to a variety of industries.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index