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Griffon Corp. Strategizes with Share Buyback and Board Changes
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Griffon Corp. Strategizes with Share Buyback and Board Changes

Griffon Corp. (GFF) has released an update.

Griffon Corporation has bought back 1.5 million of its own shares from Voss Capital-affiliated entities at a slight discount, marking a strategic move in its share repurchase program. The shares were acquired for nearly $98.25 million, with the transaction being part of a wider agreement that includes voting commitments from Voss at the upcoming annual meeting, among other stipulations. This deal also coincided with the resignation of Travis W. Cocke, Voss Capital’s founder, from Griffon’s Board of Directors.

For further insights into GFF stock, check out TipRanks’ Stock Analysis page.

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