The board of directors of Griffon (GFF) has authorized the repurchase of an additional $400M worth of shares of Griffon common stock. Since April 2023 and through November 12, under previous authorizations, Griffon repurchased a total of 9.4M shares of its common stock, or 16.4% of the outstanding shares, for a total of $458M or an average price of $48.74 per share. As of the market open, Griffon has a total of $400M available under its stock repurchase program.
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