Griffon announces new $400 million share buyback authorization

New york--(business wire)--the board of directors of griffon corporation (“griffon” or the “company”) (nyse:gff) has authorized the repurchase of an additional $400 million worth of shares of griffon common stock. since april 2023 and through november 12, 2024, under previous authorizations, griffon repurchased a total of 9.4 million shares of its common stock, or 16.4% of the outstanding shares, for a total of $458 million or an average price of $48.74 per share. as of the market open today, g.
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