griffon

Griffon said that, subsequent to our entering into the purchase agreement, ClosetMaid management reported that the trend of increased manufacturing costs that occurred primarily during the quarter ended 30 June continued through 4Q17, resulting in unanticipated decreases in operating results.

The terms of the amendment are intended to ensure that the valuation metrics used by the parties in establishing the original purchase price are maintained, Griffon said.

Griffon and Emerson will make a joint election under Section 338(h) of the Internal Revenue Code, permitting the transaction to be treated as an asset purchase for tax purposes.

This election will generate a tax benefit with an estimated present value of USD 25m for Griffon and its shareholders.

The acquisition of ClosetMaid will be immediately accretive to Griffon's cash flow and earnings.

In "Wiley Griffon: More Than a Mule-car Driver," Card made the point that historical evidence about Griffon shows as much about Eugene and Oregon's uneasy relationship to race as it does about the actual person in the photo.

Census material, mortuary records, court documents, newspaper accounts and other sources to come up with a portrait of Griffon's life.

"Most people know about Wiley Griffon the mule-car driver," Card said, showing the picture of Griffon standing with a small streetcar that ran along tracks from the train station in downtown Eugene south on Willamette Street and then east along 11th Avenue to the university.

But then he gave an example of the kind of racism that Griffon's story illustrates.