Brief: ASSA ABLOY Responds To DOJ's Complaint To Block The Acquisition Of The Hardware & Home Improvement Division
14/10/2022 22:03
Oct 14 (Reuters) - Assa Abloy Ab ASSAb.ST :
* ASSA ABLOY FORMALLY RESPONDS TO THE DOJ'S COMPLAINT TO
BLOCK THE
ACQUISITION OF THE HARDWARE AND HOME IMPROVEMENT DIVISION
* SAYS ASSA ABLOY AND SPECTRUM BRANDS ARE VIGOROUSLY
CONTESTING IN
COURT EFFORT BY DOJ TO OPPOSE PROPOSED TRANSACTION
* ASSA ABLOY HAS INITIATED A SALES PROCESS OF EMTEK AND
SMART
RESIDENTIAL BUSINESS IN U.S. AND CANADA
* RESIDENTIAL BUSINESSES OUTSIDE OF U.S. AND CANADA ARE NOT
IN
SCOPE TO BE DIVESTED
* SAYS PROPOSED DIVESTITURES ARE DEPENDENT ON SUCCESSFUL
DEFENSE
AGAINST DOJ REGARDING PLANNED ACQUISITION OF HHI
Source text for Eikon: ID:nWkr2rStCg
Further company coverage: ASSAb.ST
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