AEP Industries buys back 109,800 shares of stock from Third Point

By Lisa Kerner

Charlotte, N.C., March 9 - Third Point LLC and its affiliates sold 109,800 shares of AEP Industries Inc. common stock to the company for $4,666,500, or $42.50 per share, as part of a March 7 agreement.

Third Point beneficially owns 1 million shares, or 12.6%, of the South Hackensack, N.J., plastic packaging manufacturer's common stock.

AEP Industries (Nasdaq: AEPI) closed at $45.81 on March 8.

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