Key Developments: Graco Inc (GGG)
60.86USD
24 May 2013
$-0.23 (-0.38%)
$61.09
$60.80
$60.94
$59.83
151,663
221,060
$63.55
$41.09
Latest Key Developments (Source: Significant Developments)
Graco Inc and U.S. Federal Trade Commission Reach Settlement On Spray Foam Equipment
Graco Inc announced it has reached a non-monetary settlement agreement resolving a Federal Trade Commission (FTC) non-public investigation of the Company's business related to spray foam equipment used by contractors doing business in the United States. The settlement expressly states that Graco does not admit any violation of law or that the facts alleged in the FTC's complaint are true. Indeed, the Company believes that the complaint contains inaccuracies with regard to both the law and the facts, and relates to events which occurred many years ago. This agreement related to spray foam equipment is not associated with the FTC`s ongoing review of Graco`s 2012 acquisition of the Finishing Brands, which included powder and liquid finishing businesses from Illinois Tool Works, Inc. Full Article
Graco Inc Announces Regular Quarterly Dividend
Graco Inc announced that it has declared a regular quarterly dividend of 25 cents per common share, payable on May 1, 2013, to shareholders of record at the close of business on April 15, 2013. Full Article
Graco Inc Increases Regular Quarterly Dividend By 11.1 %
Graco Inc announced that it has declared a regular quarterly dividend of 25 cents per common share, an increase of 11.1 %, payable on February 6, 2013, to shareholders of record at the close of business on January 22, 2013. The Company has approximately 60.7 million shares outstanding. Full Article
Graco Inc Authorizes Repurchase of 6 Million Shares and Declares Regular Quarterly Dividend
Graco Inc announced the following actions related to its common stock, of which there are approximately 60.5 million shares outstanding: authorization of a new plan for the Company to purchase up to 6 million shares of its outstanding common stock through September 30, 2015. These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time. The Company currently has approximately 3.9 million shares available under its current repurchase authorization, which expires on September 30, 2012. The declaration of a regular quarterly dividend of 22-1/2 cents per common share, payable on November 7, 2012, to shareholders of record at the close of business on October 22, 2012. Full Article
Graco Inc Announces Regular Quarterly Dividend
Graco Inc announced that a regular quarterly dividend of $0.225 per common share, payable on August 1, 2012, to shareholders of record at the close of business on July 16, 2012. Full Article
Graco Inc Closes Finishing Brands Acquisition
Graco Inc announced that it has closed on its $650 million acquisition of the Illinois Tool Works Inc. finishing businesses. The Company previously announced that it reached an agreement with the United States Federal Trade Commission (FTC), which allowed for closing to occur while the FTC investigates and considers a settlement proposal from Graco. The acquisition includes complementary powder and liquid finishing equipment operations, technologies and brands. In powder finishing, Graco has added Gema, the Powder Finishing business, and approximately one-third of the purchase price is expected to be allocated to this business. In industrial liquid finishing, the acquisition includes Binks spray finishing equipment, DeVilbiss spray guns and accessories. Full Article
Graco Inc. Announces Regular Quarterly Dividend
Graco Inc. announced that the Board of Directors has declared a regular quarterly dividend of $0.225 per common share, payable on May 2, 2012, to shareholders of record at the close of business on April 16, 2012. Full Article
Graco Inc. Increases Regular Quarterly Dividend By 7.1%
Graco Inc. announced that the Board of Directors of the Company have declared a regular quarterly dividend of $0.225 per common share, an increase of 7.1%, payable on February 1, 2012, to shareholders of record at the close of business on January 17, 2012. Full Article
Graco Inc. Announces Regular Quarterly Dividend
Graco Inc. announced that it has declared a regular quarterly dividend of USD0.21 per common share, payable on August 3, 2011, to shareholders of record at the close of business on July 18, 2011. Full Article
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