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Griffon Hoverwork Ltd (GHL) is a British hovercraft designer and manufacturer. It was originally founded as Griffon Hovercraft Ltd in 1976, based in Southampton . The firm set about the development of its own product range, launching its first diesel -powered hovercraft, the 1000TD, in 1983.
The company returned $310 million to shareholders through dividends and share repurchases during 2024. As of September 30, 2024, the company had $114.4 million in cash and $1.52 billion in total ...
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
Griffon also came under pressure from shareholders during this crisis. In 2007, the hedge fund Clinton Group, which was Griffon's second-largest shareholder at 8.5%, urged the company to boost its share price by purchasing 50% of the shares outstanding and also demanded the right to appoint the majority of Griffon directors. [39]
Griffon (GFF) prices 8-million common share offering. Proceeds raised will be used for debt reduction and other corporate purposes. ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help.
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Griffon Hoverwork (GHL) of Hythe, England has designed, manufactured and operated hovercraft for over 40 years. GHL was the first manufacturer to use turbo-diesel engines on hovercraft, which increases durability compared to conventional petrol engines when exposed to salt water conditions. The company produces an extensive range of hovercraft ...
In October 2010, Griffon Hoverwork was awarded a follow-on contract valued at £34 million to supply the Indian Coast Guard with a further 12 8000TD hovercraft. At the time, this deal was the largest to ever be made by the company. [ 7 ]