Share Buyback Plan Authorized by Graco (NYSE:GGG) Board of Directors
Graco (NYSE:GGG – Get Free Report) announced that its board has authorized a stock repurchase program on Friday, December 5th, RTT News reports. The company plans to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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