Griffon rises on deal to sell unit for $330 mln

Griffon

18/04/2022 22:51

** Shares of home and building products maker  GFF.N  jump
8.8% to $20 in extended trading
    ** Co to sell Telephonics Corp to circuit board manufacturer
TTM Technologies  TTMI.O  for $330 million in cash  urn:newsml:reuters.com:*:nBw3xnBgXa
    ** Deal is expected to close in the second quarter of 2022
    ** GFF down 35.5% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))