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Stock impact report

Griffon Corporation Announces Review of Strategic Alternatives

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: Business Wire
NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today announced that its Board of Directors has initiated a process to review a comprehensive range of strategic alternatives to maximize shareholder value including a sale, merger, divestiture, recapitalization or other strategic transaction. Griffon has retained Goldman Sachs & Co. LLC as its financial advisor and Dechert LLP as its legal counsel to assist in the review process.Ronald J. Kramer, Chairman and Chief Executive Officer, said “We are proud of what the Board, management and our employees have accomplished in building Griffon. We have executed a substantial transformation, which started in 2018 with the divestiture of the Plastics business and the acquisitions of ClosetMaid and Cornell Cookson. During the past four years Griffon’s operating performance has been outstanding with significant increases in profitability and free cash flow. The recent strategic acquisition of Hunter Fan C Show less Read more
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