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| GRIF > SEC Filings for GRIF > Form 8-K on 24-Sep-2012 | All Recent SEC Filings |
24-Sep-2012
Other Events, Financial Statements and Exhibits
On September 24, 2012, Griffin Land & Nurseries, Inc. ("Griffin" or "Registrant") issued a press release announcing that its real estate division, Griffin Land, has entered into an agreement to acquire an approximate 49 acre parcel of undeveloped land in the Lehigh Valley of Pennsylvania for $7.2 million, before closing costs. The land to be acquired, located in Hanover Township, is expected to support the development of two industrial buildings totaling at least 500,000 square feet, although there are no approvals currently in place for such development. Closing on this land purchase is subject to several conditions, including the satisfactory outcome of due diligence to be performed. The closing is anticipated to take place in late 2012 or early 2013. There is no guarantee that this transaction will be completed under its current terms, or at all.
Attached as Exhibit 99.1 to this Current Report is the Registrant's September 24, 2012 press release announcing the agreement.
Exhibit 99.1: Registrant's September 24, 2012 Press Release.
Forward-Looking Statements:
This Form 8-K includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act, including
the statements regarding Griffin Land's expectations for the development
potential of the approximate 49 acre parcel under contract, the completion of
the land acquisition, the timing of any closing of such acquisition and other
statements that are not historical facts. Although Griffin believes that its
plans, intentions and expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such plans, intentions or
expectations will be achieved. The projected information disclosed herein is
based on assumptions and estimates that, while considered reasonable by Griffin
as of the date hereof, are inherently subject to significant business, economic,
competitive and regulatory uncertainties and contingencies, many of which are
beyond the control of Griffin and which could cause actual results and events to
differ materially from those expressed or implied in the forward-looking
statements. Important factors that could affect the outcome of the events set
forth in these statements are described in Griffin's Securities and Exchange
Commission filings, including the "Business," "Risk Factors" and
"Forward-Looking Information" sections in Griffin's Annual Report on Form 10-K
for the fiscal year ended December 3, 2011. Griffin disclaims any obligation to
update any forward-looking statements as a result of developments occurring
after the date of this Form 8-K except as required by law.
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