Justice Department Reaches Settlement in Suit to Block ASSA ABLOY’s Proposed Acquisition of Spectrum Brands’ Hardware and Home Improvement Division

May 6, 2023

The Department of Justice announced today that it has reached a settlement in its litigation regarding ASSA ABLOY AB’s (ASSA ABLOY) proposed $4.3 billion acquisition of Spectrum Brand Holding Inc.’s Hardware and Home Improvement division. The proposed settlement requires ASSA ABLOY to divest assets as a condition of finalizing ASSA ABLOY’s transaction with Spectrum Brands Holdings, Inc. 

From the U.S. Department of Justice: Read More