Griffon corporation completes sale of telephonics corporation to ttm technologies

New york--(business wire)--griffon corporation (“griffon” or the “company”) (nyse:gff) completed the sale of telephonics corporation (“telephonics”) to ttm technologies, inc. (“ttm”) (nasdaq:ttmi) for $330 million in cash, subject to certain post-closing adjustments. “we are pleased to announce the closing of the sale of telephonics. this transaction unlocks immediate value for our shareholders and strengthens our balance sheet,” said ronald j. kramer, griffon's chairman and chief executive off
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