BRIEF-Griffon Corporation Enters Agreement To Form Joint Venture For Ames Australasia

Griffon

Griffon

GFF

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June 8 (Reuters) - Griffon Corp GFF.N:

  • GRIFFON CORPORATION ENTERS AGREEMENT TO FORM JOINT VENTURE FOR AMES AUSTRALASIA

  • GRIFFON - TO RECEIVE $185 MILLION AT CLOSING AND $50 MILLION SUBORDINATED NOTE

  • GRIFFON - TO HOLD 49% EQUITY INTEREST; SIMON HUPFELD TO BECOME EXECUTIVE CHAIRMAN

  • GRIFFON - JOINT VENTURE TO BE FINANCED BY DEBT, PARTNER EQUITY, AND GRIFFON SUBORDINATED NOTE

Source text: ID:nBw3jHhja

Further company coverage: GFF.N


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