Graco announces $600 million accelerated share repurchase agreement
GGG•Graco entered a $600 million accelerated share repurchase agreement with Bank of America. The agreement represents about 5% of Graco’s outstanding shares, with about 6.9 million shares to be initially retired.
1. Repurchase agreement
Graco entered a $600 million accelerated share repurchase agreement with Bank of America. Graco said the agreement represents about 5% of its outstanding shares and will initially retire about 6.9 million shares.
