Brief: Griffon Concludes Review Of Strategic Alternatives

Griffon

20/04/2023 13:20

April 20 (Reuters) - Griffon Corp  GFF.N :
    * GRIFFON CONCLUDES REVIEW OF STRATEGIC ALTERNATIVES
    * GRIFFON CORP - INCREASES RETURN OF CAPITAL TO SHAREHOLDERS
WITH
AN UPSIZED $258 MILLION BUYBACK AUTHORIZATION AND A $2.00 PER
SHARE SPECIAL DIVIDEND
    * GRIFFON CORP: DETERMINED ONGOING EXECUTION OF COMPANY'S
STRATEGIC PLAN IS BEST WAY TO MAXIMIZE VALUE FOR SHAREHOLDERS AT
THIS TIME
    * GRIFFON CORP: EXPECT TO UTILIZE EXCESS CASH TO FURTHER
REDUCE
DEBT
    * GRIFFON CORP: STRONG BALANCE SHEET WITH NO SIGNIFICANT
DEBT
MATURITIES UNTIL 2028
    * GRIFFON CORP - ALTHOUGH PROCESS HAS NOW CONCLUDED, CO'S
BOARD
WILL CONTINUE TO BE OPEN TO AND CONSIDER ALL OPPORTUNITIES

Source text for Eikon:  ID:nBw2m3X1La 
Further company coverage:  GFF.N