Brief: Frontdoor to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash

frontdoor

04/06/2024 12:51

June 4 (Reuters) - Frontdoor Inc  FTDR.O :
    * FRONTDOOR, INC. TO ACQUIRE 2-10 HOME BUYERS WARRANTY FOR
$585
MILLION IN CASH
    * FRONTDOOR INC: COMBINED CO'S STRENGTHENED FINANCIAL
PROFILE
EXPECTED TO BE ADDITIVE TO ADJUSTED EBITDA AND FREE CASH FLOW
GENERATION IN 2025
    * FRONTDOOR -  TRANSACTION TO ACCELERATE FRONTDOOR'S REVENUE
GROWTH: 2-10 GENERATED ABOUT $198 MILLION IN REVENUE IN 2023
    * FRONTDOOR INC -  TRANSACTION IS EXPECTED TO INCREASE
FRONTDOOR'S
EARNINGS

Source text for Eikon:  ID:nBw2KzLtTa 
Further company coverage:  FTDR.O 

 ((Reuters.Briefs@thomsonreuters.com;))