Graco (GGG) Adds 6M Shares to Repurchase Plan

Graco (NYSE: GGG) 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.

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