secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0000930413-22-001236
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon completes sale of Telephonics to TTM for $330M; declares $2 special dividend, repays $300M debt
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- Sold Telephonics to TTM Technologies for $330M cash, subject to post-closing adjustments.
- Declared special dividend of $2.00 per share, payable July 20, 2022 to holders of record July 8, 2022.
- Prepaid $300M of $800M Term Loan B, permanently reducing outstanding facility.
- Total FY2022 dividends through July 20 will be $2.27 per share (including three $0.09 quarterly dividends).
- Funding from Telephonics sale proceeds and free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041322001236/0000930413-22-001236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041322001236/c104032_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-001236

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