Latest Griffon Corp (GFF) Headlines
Griffon Corporation Announces Closing of Senior Notes Offering and Early Settlement of Tender Offer and Consent Solicitation
Business Wire - Thu Feb 27, 10:10AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced the closing of its previously announced offering of $600 million aggregate principal amount of 5.25% senior notes due 2022 (the "2022 Notes") in an unregistered offering through a private placement, as well as the early settlement of its previously announced cash tender offer and consent solicitation (the "Tender Offer") with respect to its existing 7 1/8% senior notes due 2018 (the "2018 Notes").
Griffon prices private offering of USD600m senior notes due 2022
M2 - Thu Feb 13, 5:57AM CST
Griffon Corporation (NYSE:GFF), a home and building, telephonics and plastics businesses company, priced, in an unregistered offering through a private placement, USD600m aggregate principal amount of its senior notes due 2022, it stated on Wednesday.
Griffon Corporation Announces Pricing of $600 Million Senior Notes Offering
Business Wire - Wed Feb 12, 7:30PM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced the pricing of $600 million aggregate principal amount of its senior notes due 2022 in an unregistered offering through a private placement. The amounted offered represents an increase of $50 million from the previously announced offering size of $550 million. The notes will pay interest semi-annually at a rate of 5.25% per annum. The notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries. The sale of the notes is expected to be consummated on February 27, 2014, subject to the satisfaction of customary closing conditions.
Griffon Corporation Announces Senior Notes Offering
Business Wire - Wed Feb 12, 7:30AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced that it intends to commence an offering through a private placement, subject to market and other conditions, of $550 million in aggregate principal amount of senior notes due 2022. The notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries.
Griffon Corporation Announces Tender Offer and Consent Solicitation
Business Wire - Wed Feb 12, 7:30AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") announced today that it has commenced a cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation," and together with the Tender Offer, the "Offer") for any and all of its $550,000,000 aggregate principal amount of 7 (1)/8% Senior Notes due 2018 (CUSIP No. 398433 AF9) (the "Notes"). The Offer is described in the Offer to Purchase and Consent Solicitation Statement dated February 12, 2014 (the "Statement"). The Offer will expire at 11:59 p.m., New York City time, on March 12, 2014 unless extended (the "Expiration Date"). As part of the Offer, Griffon is soliciting consents to eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes. Griffon expects to fund the Offer with proceeds from a new senior notes offering (the "Notes Offering") and cash on hand.
Post Earnings Update: Griffon Has Sunk 11.5% Lower in Past Week (GFF)
Comtex SmarTrend(R) - Mon Feb 10, 7:42AM CST
When Griffon (NYSE:GFF) reported earnings 11 days ago on January 30th, 2014, analysts, on average, expected the company to report earnings of $0.06 on sales of $448.0 million. Griffon actually reported earnings of $0.07 per share on sales of $453.5 million, beating EPS estimates by $0.01 and beating revenue estimates by $5.5 million. Shares of Griffon have slipped from $13.59 to $12.03, representing a loss of 11.5%, since the company reported earnings 11 days ago.
Mahindra Telephonics Integrated Systems Opens First Private Joint Venture Aerospace & Electronics Manufacturing Facility in India
Business Wire - Wed Feb 05, 2:08PM CST
Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced that their joint venture partnership, Mahindra Telephonics Integrated Systems (Mahindra Telephonics), has opened the first private sector aerospace and electronics joint venture manufacturing facility in India.
NYSE stocks posting largest percentage decreases
AP - Fri Jan 31, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:
Government of Canada Celebrates New Business-Led Research Network in Quebec City
Marketwire Canada - Fri Jan 31, 9:00AM CST
Industry Canada
Griffon Corporation Announces First Quarter Results
Business Wire - Thu Jan 30, 3:01PM CST
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal first quarter ended December 31, 2013.
Griffon Declares Quarterly Dividend
Business Wire - Thu Jan 30, 11:46AM CST
The Board of Directors of Griffon Corporation (NYSE:GFF) declared a regular quarterly cash dividend of $0.03 per share. The dividend is payable on March 27, 2014 to shareholders of record as of the close of business on February 27, 2014.
Griffon Corporation Schedules Conference Call To Discuss First Quarter Fiscal 2014 Financial Results
Business Wire - Thu Jan 23, 3:01PM CST
Griffon Corporation (NYSE:GFF) announced today that it will release the Company's first quarter fiscal 2014 financial results Thursday, January 30, 2014, followed by a conference call at 4:30 PM ET.
Griffon Names Michael A. Sarrica as President of Ames True Temper
Business Wire - Tue Jan 21, 7:30AM CST
Griffon Corporation ("Griffon" or "the Company") (NYSE:GFF), a diversified holding company, announced that it has appointed Michael A. Sarrica as President of Ames True Temper ("Ames"), the leading U.S. and a global provider of non-powered landscaping products. Ames products have made work easier for homeowners and professionals since 1774.
Griffon to Participate at CJS Securities "New Ideas for the New Year" Investor Conference
Business Wire - Fri Jan 10, 5:17PM CST
Griffon Corporation (NYSE:GFF) today announced that it will present at the CJS Securities 14th Annual "New Ideas for the New Year" Investor Conference in New York, NY on Wednesday, January 15th. A copy of Griffon's latest investor presentation, which will be used at the conference, will be available at the time of the conference in the investor relations section of Griffon's website (www.griffoncorp.com).
Griffon Announces Acquisition of Northcote Pottery
Business Wire - Mon Jan 06, 8:00AM CST
Griffon Corporation ("Griffon") (NYSE:GFF) today announced that, effective December 31, 2013, its subsidiary, Ames True Temper ("Ames"), acquired Northcote Pottery ("Northcote"), founded in 1897 and a leading brand in the Australian outdoor planter and decor market. The acquisition of Northcote complements Southern Patio, acquired in 2011, and adds to Ames' existing lawn and garden operations in Australia.
Griffon announces dividend of USD0.03 per share for quarter
M2 - Thu Nov 14, 6:45AM CST
The board of directors of a diversified management and holding company Griffon Corporation (NYSE:GFF) authorised a regular cash dividend of USD0.03 per share for the quarter, the company declared on Wednesday.
Griffon announces buy back of USD50m common stock at USD11.25 per share
M2 - Thu Nov 14, 3:37AM CST
Griffon Corporation (NYSE:GFF), a diversified management and holding company, declared on Wednesday that it will repurchase 4,444,444 shares of its common stock for USD50m in a private transaction at USD11.25 per share, from an affiliate of Goldman Sachs.
Griffon to Repurchase $50 million of Common Stock
Business Wire - Wed Nov 13, 3:03PM CST
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) announced today that it will repurchase 4,444,444 shares of its common stock for $50 million from an affiliate of Goldman Sachs. The repurchase will be effected in a private transaction at a per share price of $11.25, an approximate 9% discount to the stock's closing price on November 12, 2013. The transaction is exclusive of the Company's current $50 million authorized share repurchase program, of which $12 million remained as of September 30, 2013. After closing of the transaction, Goldman Sachs will continue to hold approximately 5.56 million shares (approximately 10%) of Griffon's common stock. Goldman Sachs has also agreed that, subject to certain exceptions, if it intends to sell its remaining shares of Griffon common stock at any time prior to December 31, 2014, it will first negotiate with the Company in good faith to sell the shares to the Company.
Griffon Corporation Announces Closing of Senior Notes Offering and Early Settlement of Tender Offer and Consent Solicitation
Business Wire - Thu Feb 27, 10:10AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced the closing of its previously announced offering of $600 million aggregate principal amount of 5.25% senior notes due 2022 (the "2022 Notes") in an unregistered offering through a private placement, as well as the early settlement of its previously announced cash tender offer and consent solicitation (the "Tender Offer") with respect to its existing 7 1/8% senior notes due 2018 (the "2018 Notes").
Griffon prices private offering of USD600m senior notes due 2022
M2 - Thu Feb 13, 5:57AM CST
Griffon Corporation (NYSE:GFF), a home and building, telephonics and plastics businesses company, priced, in an unregistered offering through a private placement, USD600m aggregate principal amount of its senior notes due 2022, it stated on Wednesday.
Griffon Corporation Announces Pricing of $600 Million Senior Notes Offering
Business Wire - Wed Feb 12, 7:30PM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced the pricing of $600 million aggregate principal amount of its senior notes due 2022 in an unregistered offering through a private placement. The amounted offered represents an increase of $50 million from the previously announced offering size of $550 million. The notes will pay interest semi-annually at a rate of 5.25% per annum. The notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries. The sale of the notes is expected to be consummated on February 27, 2014, subject to the satisfaction of customary closing conditions.
Griffon Corporation Announces Senior Notes Offering
Business Wire - Wed Feb 12, 7:30AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") today announced that it intends to commence an offering through a private placement, subject to market and other conditions, of $550 million in aggregate principal amount of senior notes due 2022. The notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries.
Griffon Corporation Announces Tender Offer and Consent Solicitation
Business Wire - Wed Feb 12, 7:30AM CST
Griffon Corporation (NYSE:GFF) ("Griffon") announced today that it has commenced a cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation," and together with the Tender Offer, the "Offer") for any and all of its $550,000,000 aggregate principal amount of 7 (1)/8% Senior Notes due 2018 (CUSIP No. 398433 AF9) (the "Notes"). The Offer is described in the Offer to Purchase and Consent Solicitation Statement dated February 12, 2014 (the "Statement"). The Offer will expire at 11:59 p.m., New York City time, on March 12, 2014 unless extended (the "Expiration Date"). As part of the Offer, Griffon is soliciting consents to eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes. Griffon expects to fund the Offer with proceeds from a new senior notes offering (the "Notes Offering") and cash on hand.
Post Earnings Update: Griffon Has Sunk 11.5% Lower in Past Week (GFF)
Comtex SmarTrend(R) - Mon Feb 10, 7:42AM CST
When Griffon (NYSE:GFF) reported earnings 11 days ago on January 30th, 2014, analysts, on average, expected the company to report earnings of $0.06 on sales of $448.0 million. Griffon actually reported earnings of $0.07 per share on sales of $453.5 million, beating EPS estimates by $0.01 and beating revenue estimates by $5.5 million. Shares of Griffon have slipped from $13.59 to $12.03, representing a loss of 11.5%, since the company reported earnings 11 days ago.
Mahindra Telephonics Integrated Systems Opens First Private Joint Venture Aerospace & Electronics Manufacturing Facility in India
Business Wire - Wed Feb 05, 2:08PM CST
Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced that their joint venture partnership, Mahindra Telephonics Integrated Systems (Mahindra Telephonics), has opened the first private sector aerospace and electronics joint venture manufacturing facility in India.
NYSE stocks posting largest percentage decreases
AP - Fri Jan 31, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:
Government of Canada Celebrates New Business-Led Research Network in Quebec City
Marketwire Canada - Fri Jan 31, 9:00AM CST
Industry Canada
Griffon Corporation Announces First Quarter Results
Business Wire - Thu Jan 30, 3:01PM CST
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal first quarter ended December 31, 2013.
Griffon Declares Quarterly Dividend
Business Wire - Thu Jan 30, 11:46AM CST
The Board of Directors of Griffon Corporation (NYSE:GFF) declared a regular quarterly cash dividend of $0.03 per share. The dividend is payable on March 27, 2014 to shareholders of record as of the close of business on February 27, 2014.
Griffon Corporation Schedules Conference Call To Discuss First Quarter Fiscal 2014 Financial Results
Business Wire - Thu Jan 23, 3:01PM CST
Griffon Corporation (NYSE:GFF) announced today that it will release the Company's first quarter fiscal 2014 financial results Thursday, January 30, 2014, followed by a conference call at 4:30 PM ET.
Griffon Names Michael A. Sarrica as President of Ames True Temper
Business Wire - Tue Jan 21, 7:30AM CST
Griffon Corporation ("Griffon" or "the Company") (NYSE:GFF), a diversified holding company, announced that it has appointed Michael A. Sarrica as President of Ames True Temper ("Ames"), the leading U.S. and a global provider of non-powered landscaping products. Ames products have made work easier for homeowners and professionals since 1774.
Griffon to Participate at CJS Securities "New Ideas for the New Year" Investor Conference
Business Wire - Fri Jan 10, 5:17PM CST
Griffon Corporation (NYSE:GFF) today announced that it will present at the CJS Securities 14th Annual "New Ideas for the New Year" Investor Conference in New York, NY on Wednesday, January 15th. A copy of Griffon's latest investor presentation, which will be used at the conference, will be available at the time of the conference in the investor relations section of Griffon's website (www.griffoncorp.com).
Griffon Announces Acquisition of Northcote Pottery
Business Wire - Mon Jan 06, 8:00AM CST
Griffon Corporation ("Griffon") (NYSE:GFF) today announced that, effective December 31, 2013, its subsidiary, Ames True Temper ("Ames"), acquired Northcote Pottery ("Northcote"), founded in 1897 and a leading brand in the Australian outdoor planter and decor market. The acquisition of Northcote complements Southern Patio, acquired in 2011, and adds to Ames' existing lawn and garden operations in Australia.
Griffon announces dividend of USD0.03 per share for quarter
M2 - Thu Nov 14, 6:45AM CST
The board of directors of a diversified management and holding company Griffon Corporation (NYSE:GFF) authorised a regular cash dividend of USD0.03 per share for the quarter, the company declared on Wednesday.
Griffon announces buy back of USD50m common stock at USD11.25 per share
M2 - Thu Nov 14, 3:37AM CST
Griffon Corporation (NYSE:GFF), a diversified management and holding company, declared on Wednesday that it will repurchase 4,444,444 shares of its common stock for USD50m in a private transaction at USD11.25 per share, from an affiliate of Goldman Sachs.
Griffon to Repurchase $50 million of Common Stock
Business Wire - Wed Nov 13, 3:03PM CST
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) announced today that it will repurchase 4,444,444 shares of its common stock for $50 million from an affiliate of Goldman Sachs. The repurchase will be effected in a private transaction at a per share price of $11.25, an approximate 9% discount to the stock's closing price on November 12, 2013. The transaction is exclusive of the Company's current $50 million authorized share repurchase program, of which $12 million remained as of September 30, 2013. After closing of the transaction, Goldman Sachs will continue to hold approximately 5.56 million shares (approximately 10%) of Griffon's common stock. Goldman Sachs has also agreed that, subject to certain exceptions, if it intends to sell its remaining shares of Griffon common stock at any time prior to December 31, 2014, it will first negotiate with the Company in good faith to sell the shares to the Company.
