Grubb & Ellis Company (GBE) Announces $25 Million Share Buyback Program and Suspension of Dividend
More News related to GBE
- Unusual 11 Mid-Day Movers 9/5: SNDK, UST, SIRF, SPNC Higher; PEC, ABM, GBE, SWHC Lower
- Kojaian Accumulates 2 Million Shares of Grubb & Ellis (GBE) So Far This Week
- Michael Kojaian disclosing more insider buys on Grubb & Ellis (GBE)
- Grubb & Ellis (GBE) Moves Higher After Kojaian Buys 1M Shares
- Grubb & Ellis Realty Investors Acquires The Retreat at Peachtree City in Peachtree City, Ga.
More News related to Stock Buybacks
- Ashford Hospitality Trust (AHT) Adds $75M to Buyback Program
- EnPro Industries (NPO) Enters Rule 10b5-1 Plan; Adds $38M to Buyback
- Mediacom Communications (MCCC) Agrees to Buyback 30% of Outstanding Shares from Shivers Investments
Grubb & Ellis Company (NYSE: GBE) announced that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $25 million of its common stock through the end of 2009.
In conjunction with the share repurchase program, the Board also authorized the suspension of future dividend payments; however the payment of the second quarter dividend of $0.1025 per common share payable on or about July 22, 2008 to stockholders of record as of July 7, 2008 shall be made as previously announced.
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies.
Related Categories
Corporate NewsDividends
Stock Buybacks
Stocks Mentioned
+0.20Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
