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

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.

Related Articles
TheFlyGriffon price target raised to $92 from $84 at Baird
TheFlyGriffon management to meet with Stephens
TheFlyGriffon price target lowered to $84 from $86 at Baird
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App