Griffon Corporation Announces Repurchase of 1.5 Million Shares from Voss Capital
Concurrent with the closing of the transaction, Travis Cocke, Chief Investment Officer of Voss Capital, will resign from the Griffon Board of Directors, effective immediately, thereby reducing the size of the Board to 12 members.
- Concurrent with the closing of the transaction, Travis Cocke, Chief Investment Officer of Voss Capital, will resign from the Griffon Board of Directors, effective immediately, thereby reducing the size of the Board to 12 members.
- “Voss continues to be a substantial shareholder of Griffon and has a continued stake in our success.
- Since last April and through today, share repurchases under Board-authorized programs totaled 7.5 million shares of common stock or 13.1% of the outstanding shares, for a total of $330 million or an average of $44.21 per share.
- As of today, Griffon has $128 million remaining under its Board-authorized share repurchase program.