Griffon Corporation Announces Hsr Clearance For The Acquisition Of Hunter And Schedules Conference Call To Discuss First Quarter 2022 Financial Results
Jan 13, 2022•almost 4 years ago
Acquiring Company
Griffon Corporation
Acquired Company
Hunter
Description
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with its proposal to acquire Hunter Fan Company (“Hunter Fan” or “Hunter”). The transaction is expected to close the week of January 24, 2022.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed