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Stock impact report

BRIEF-Griffon Corporation Announces Clopay Building Products To Acquire Cornellcookson [Reuters]

Griffon Corporation (GFF) 
Last griffon corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.griffon.com/investor-overview
Company Research Source: Reuters
BRIEF-Griffon Corporation Announces Clopay Building Products To Acquire Cornellcookson | Reuters Reuters Staff 1 Min Read May 3 (Reuters) - Griffon Corp: * GRIFFON CORPORATION ANNOUNCES CLOPAY BUILDING PRODUCTS TO ACQUIRE CORNELLCOOKSON * ACQUISITION IS EXPECTED TO BE FINANCED THROUGH CASH ON HAND * AFTER TAKING INTO ACCOUNT TAX BENEFITS RESULTING FROM TRANSACTION, EFFECTIVE PURCHASE PRICE IS APPROXIMATELY $170 MILLION * IN FIRST FULL YEAR OF OPERATIONS, GRIFFON EXPECTS CORNELLCOOKSON TO CONTRIBUTE $200 MILLION IN NET SALES AND $0.15 IN EARNINGS PER SHARE * CO, CORNELLCOOKSON HAVE STRUCTURED ACQUISITION SUCH THAT IT WILL BE TREATED AS AN ASSET PURCHASE FOR TAX PURPOSES Source text for Eikon: Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. Show less Read more
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