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BRIEF-Griffon's unit to pay Emerson reverse termination fee of $13 mln if certain conditions not met
September 8, 2017 / 8:38 PM / 3 months ago

BRIEF-Griffon's unit to pay Emerson reverse termination fee of $13 mln if certain conditions not met

Sept 9 (Reuters) - Griffon Corp

* Griffon Corp - If Emerson terminates deal due to co’s unit’s failure to consummate deal under some conditions, unit to pay Emerson reverse termination fee of $13 million

* Griffon - If Emerson terminates deal on unit failing to consummate deal in breach of agreement, though debt financing is available, unit to pay $32.5 million

Source text: [bit.ly/2wfuq5p] Further company coverage:

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