MINNEAPOLIS--(BUSINESS WIRE)--Apr. 24, 2015--
The Board of Directors of Graco Inc.(NYSE:GGG) today announced a
new share repurchase program that authorizes management to buy back up
to an additional 6 million shares of the Company’s common stock over an
indefinite period of time or until terminated by the Board. These shares
will be acquired primarily through open-market purchases and accelerated
share repurchase transactions from time to time. This authorization is
in addition to approximately 1.6 million shares remaining, as of April
23, 2015, under the existing share repurchase authorization. The
Company’s existing authorization of 6 million shares was announced in
September 2012 and expires September 30, 2015. There are approximately
58.7 million shares outstanding.
Graco Inc. supplies technology and expertise for the management of
fluids in both industrial and commercial applications. It designs,
manufactures and markets systems and equipment to move, measure,
control, dispense and spray fluid and powder materials. A recognized
leader in its specialties, Minneapolis-based Graco serves customers
around the world in the manufacturing, processing, construction, and
maintenance industries. For additional information about Graco Inc.,
please visit us at www.graco.com
or on Twitter @GracoInc.
Source: Graco Inc.
James A. Graner, 612-623-6635