secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0000930413-22-000788
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon sells Telephonics defense business to TTM Technologies for $330M cash
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- Sale price of $330M in cash; expected close in Q2 2022 subject to regulatory approvals.
- Griffon CEO says transaction strengthens balance sheet and allows focus on core businesses.
- Lazard and Dechert LLP advised Griffon; J.P. Morgan and O'Melveny & Myers advised TTM.
- Telephonics is a provider of defense electronics for U.S. and allied military.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041322000788/0000930413-22-000788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041322000788/c103579_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-000788

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