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Griffon Corp (GFF.N)

GFF.N on New York Stock Exchange

19.70USD
14 Dec 2017
Change (% chg)

$-0.85 (-4.14%)
Prev Close
$20.55
Open
$20.55
Day's High
$20.60
Day's Low
$19.65
Volume
36,065
Avg. Vol
33,620
52-wk High
$27.10
52-wk Low
$17.65

Latest Key Developments (Source: Significant Developments)

Griffon Corporation Q4 loss per share $0.29
Thursday, 16 Nov 2017 08:09am EST 

Nov 16 (Reuters) - Griffon Corp -:Griffon corporation announces fourth quarter and annual results.Q4 adjusted earnings per share $0.28 from continuing operations.Q4 earnings per share $0.10 from continuing operations.Q4 loss per share $0.29.Q4 adjusted earnings per share $0.36 excluding items.Griffon Corp - ‍Q4 revenue from continuing operations of $431 million increased 15% compared to prior year quarter revenue of $374 million​.Griffon Corp - Telephonics ‍contract backlog totaled $351 million at September 30, 2017, compared to $420 million at September 30, 2016​.  Full Article

Berry Global to acquire Clopay Plastic Products Co
Thursday, 16 Nov 2017 08:03am EST 

Nov 16 (Reuters) - Griffon Corp :Berry global group, inc. Announces agreement to acquire the clopay plastic products company, inc., from griffon corporation.Berry global group inc - ‍expect annual cost synergies from deal to be approximately $20 million​.Berry global group inc - ‍intends to fund acquisition with existing liquidity or additional debt offering​.  Full Article

Griffon Corp to sell Clopay Plastic Products to Berry Global for $475 mln
Thursday, 16 Nov 2017 07:30am EST 

Nov 16 (Reuters) - Griffon Corp :Griffon Corporation to sell Clopay Plastic Products to Berry Global for $475 million.Griffon Corporation to sell Clopay Plastic Products to Berry Global for $475 million.Griffon Corp - ‍entered into a definitive agreement to sell Clopay Plastic Products Company to Berry Global Group Inc​.  Full Article

GRIFFON CORP SAYS ITS UNIT ACQUIRES HARPER BRUSH WORKS
Monday, 6 Nov 2017 02:00pm EST 

Nov 6 (Reuters) - Griffon Corp ::GRIFFON CORPORATION ANNOUNCES THE ACQUISITION OF HARPER BRUSH WORKS BY AMES.GRIFFON CORP - DEAL TO BE IMMEDIATELY ACCRETIVE TO GRIFFON'S EARNINGS IN ITS FIRST FULL YEAR OF OPERATIONS​.GRIFFON CORP - ‍PURCHASE PRICE FOR HARPER WAS APPROXIMATELY $5 MILLION​.GRIFFON CORP - ‍ACQUISITION IS EXPECTED TO CONTRIBUTE APPROXIMATELY $10 MILLION IN ANNUALIZED REVENUE​ TO CO.  Full Article

Griffon corporation announces closing of Tuscan path acquisition
Friday, 29 Sep 2017 08:30am EDT 

Sept 29 (Reuters) - Griffon Corp :Griffon Corporation announces closing of Tuscan path acquisition.  Full Article

Griffon Corpo announces pricing of $275 mln add-on offering of senior notes
Wednesday, 27 Sep 2017 04:20pm EDT 

Sept 27 (Reuters) - Griffon Corp :Griffon Corporation announces pricing of $275 million add-on offering of senior notes.Griffon Corp - ‍pricing of $275 million aggregate principal amount of its 5.25 pct senior notes due 2022​.Griffon Corp - ‍senior notes due 2022 priced equal to 101 pct of face value, plus accrued interest from September 1, 2017​.Griffon Corp - ‍size of offering was increased to $275 million from previously announced $200 million​.  Full Article

Griffon Corp announces $200 mln add-on offering of senior notes
Wednesday, 27 Sep 2017 07:35am EDT 

Sept 27 (Reuters) - Griffon Corp :Griffon Corporation announces $200 million add-on offering of senior notes.Griffon Corp - intends to commence an add-on offering through private placement of $200 million in aggregate principal amount of senior notes due 2022​.Griffon Corp - ‍new notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries​.Griffon -co intends to use proceeds of offering to finance substantially all of previously announced deal from Emerson of certain entities and assets.  Full Article

Griffon's unit to pay Emerson reverse termination fee of $13 mln if certain conditions not met
Friday, 8 Sep 2017 04:37pm EDT 

Sept 9 (Reuters) - Griffon Corp :Griffon Corp - If Emerson terminates deal due to co's unit's failure to consummate deal under some conditions, unit to pay Emerson reverse termination fee of $13 million.Griffon - If Emerson terminates deal on unit failing to consummate deal in breach of agreement, though debt financing is available, unit to pay $32.5 million.  Full Article

Emerson agrees to sell ClosetMaid business to Griffon Corp
Tuesday, 5 Sep 2017 05:06pm EDT 

Sept 5 (Reuters) - Emerson Electric Co :Emerson agrees to sell ClosetMaid business to griffon corporation.Emerson Electric Co - deal for ‍$260 million.​.Emerson Electric Co - ‍expects to realize approximately $180 million in after-tax cash proceeds from sale​.  Full Article

Griffon Corp to buy ClosetMaid and seek alternatives for Clopay Plastic Products
Tuesday, 5 Sep 2017 05:00pm EDT 

Sept 5 (Reuters) - Griffon Corp :Griffon corporation to acquire closetmaid® and explore strategic alternatives for clopay plastic products.Griffon corp says deal for $260 million​.Griffon corp - ‍acquisition is expected to be financed through cash on hand, availability on our revolving credit facility​.Griffon corp says acquisition of closetmaid will be immediately accretive to cash flow and earnings.Griffon corp - ‍acquisition also is expected to be financed through committed debt financing which is expected to be in form of a senior notes offering​.Griffon corp - ‍after taking into account tax benefits resulting from transaction, effective purchase price is $225 million​.Griffon corp - ‍in first fy of operations, co expects closetmaid to contribute $300 to $315 million in revenue, between $0.08 and $0.10 in earnings per share​.Griffon corp - ‍griffon and emerson will make a joint election permitting transaction to be treated as an asset purchase for tax purposes​.Griffon corp - ‍election will generate a tax benefit with an estimated present value of $35 million for griffon and its shareholders​.  Full Article

BRIEF-Griffon Corp to sell Clopay Plastic Products to Berry Global for $475 mln

* Griffon Corporation to sell Clopay Plastic Products to Berry Global for $475 million