Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 6 3:57 PM EST

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To: richardred who wrote (1481)	6/13/2007 10:52:58 AM
From: richardred	of 7254

Griffon says investor demands 'without merit' LOS ANGELES, June 4 (Reuters) - Griffon Corp. (GFF.N: Quote, Profile , Research) said on Monday that demands made by the Clinton Group, its second largest institutional investor, were "completely without merit" and not in the best interest of its shareholders. Clinton, which holds just over 8 percent of Griffon's outstanding shares, had earlier said it would try to force strategic changes via direct shareholder means on the maker of garage door parts and specialty plastic items. Griffon said it has made no decision to pursue a recapitalization or any other specific course of action and said the hedge fund's "'proposal' does not appear to be in the best interest of the company or our shareholders." yahoo.reuters.com

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