Brief: Griffon Corporation To Acquire Hunter Fan Company

Griffon

20/12/2021 12:21

Dec 20 (Reuters) - Griffon Corp  GFF.N :
    * GRIFFON CORPORATION TO ACQUIRE HUNTER FAN COMPANY
    * GRIFFON CORP - ACQUISITION OF HUNTER WILL BE IMMEDIATELY
ACCRETIVE TO EARNINGS AND CASH FLOW
    * GRIFFON CORP - DEAL FOR $845 MILLION
    * GRIFFON CORP- TRANSACTION EXPECTED TO BE IMMEDIATELY
ACCRETIVE
TO CASH FLOW AND EARNINGS
    * GRIFFON CORP - IN FIRST FULL FY OF OPERATION, EXPECTS
HUNTER TO
CONTRIBUTE $400 MILLION IN REVENUE, $90 MILLION EBITDA,
EXCLUDING. SYNERGIES
    * GRIFFON CORP - IN FIRST FULL FY OF OPERATION, EXPECTS
HUNTER TO
CONTRIBUTE EARNINGS ACCRETION OF AT LEAST $0.50 PER SHARE
    * GRIFFON CORP- ACQUISITION OF HUNTER WILL BE FINANCED
THROUGH
CASH ON HAND
    * GRIFFON CORP- ACQUISITION TO ALSO BE FINANCED THROUGH
AVAILABILITY UNDER REVOLVING CREDIT FACILITY, COMMITTED DEBT
FINANCING

Source text for Eikon:  ID:nBw3Gfx1Ra 
Further company coverage:  GFF.N 

 ((Reuters.Briefs@thomsonreuters.com;))