Griffon Surges As Co. Explores Strategic Alternatives

Griffon Corp. (GFF) shares are adding more than 22 percent on Monday morning trade after the company announced a process to review a comprehensive range of strategic alternatives to maximize shareholder value. The company said it will consider sale, merger, divestiture, recapitalization, or other strategic transactions.

Currently, shares are at $29.74, up 22.74 percent from the previous close of $24.31 on a volume of 1,490,357. For the 52-week period, the shares have traded in a range of $17.56-$29.75 on average volume of 386,326.

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