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UNITED STATES OF AMERICA v. ASSA ABLOY AB et al

  1. July 26, 2024

    Assa Abloy Resolves DOJ Merger Monitor Dispute

    Assa Abloy told a D.C. federal judge that it's agreed "in principle" on how a monitoring trustee will review its compliance with a U.S. Department of Justice merger lawsuit settlement, resolving a simmering dispute over its complaints of an open-ended multimillion-dollar investigation.

  2. July 09, 2024

    Judge Calls Cost Of DOJ's Assa Abloy Market Study 'Insane'

    A D.C. federal judge took the U.S. Department of Justice and its monitoring trustee to task Tuesday for their pursuit of an open-ended look at Assa Abloy's books to check for anticompetitive harms from a 2023 merger, excoriating budget estimates pricing the investigation at a minimum of $1.7 million.

  3. July 08, 2024

    Assa Abloy Says No Monitor 'Blank Check' After Merger Deal

    Assa Abloy on Monday reasserted its bid to rein in a monitoring trustee installed after the company settled a government merger challenge, arguing ahead of a court hearing that the government is aiming to roll back the parties' deal and carry out a more expansive investigation through the monitor.

  4. July 03, 2024

    Assa Abloy Trying To Rewrite Merger Deal, Gov't Claims

    The U.S. Department of Justice fired back at Assa Abloy's bid to rein in a monitoring trustee installed after the company settled a government merger challenge, saying the company is trying to "walk away from its promises to the court" after completing its acquisition of Spectrum Brands' hardware and home improvement business.

  5. June 20, 2024

    Assa Abloy Says Deal Monitor Going Too Far

    Assa Abloy has told a D.C. federal court that a monitoring trustee installed after the company settled a government merger challenge is taking things too far by trying to conduct a five-year, industry-wide study that's on pace to cost the company $20 million.

  6. May 09, 2023

    Does DOJ's Assa Abloy Deal Encourage More Fix-It First?

    The U.S. Department of Justice has avoided a possible courtroom defeat by accepting a consent decree clearing Assa Abloy's proposed $4.3 billion pickup of Spectrum Brands' hardware and home improvement business, but the settlement could weaken the agency's hard-line stance against merger clearance deals.

  7. May 05, 2023

    DOJ Settles Assa Abloy Merger In Middle Of Trial

    The U.S. Department of Justice cut a deal Friday ending its challenge to Assa Abloy's $4.3 billion pickup of Spectrum Brands' hardware and home improvement business, abruptly curtailing a D.C. federal court bench trial with the first merger settlement since the DOJ largely shunned consent decrees.

  8. May 03, 2023

    DOJ's Assa Abloy Merger Trial Paused Again And Again

    The U.S. Department of Justice challenge to Assa Abloy's $4.3 billion pickup of Spectrum Brands' hardware and home improvement business is on hold at least until Monday after a D.C. federal judge paused the proceedings three times after six days of bench trial, without explanation.

  9. May 01, 2023

    Assa Abloy Has Incentives For Strong Asset Deal, Judge Says

    A D.C. federal judge on Monday questioned a core part of the Justice Department challenge to Assa Abloy's $4.3 billion pickup of Spectrum Brands' hardware and home improvement business, stating that the companies are incentivized to find a "strong buyer" for divested assets, not a weak one.

  10. April 28, 2023

    Any Spat Between Assa Abloy, Buyer Likely To End In Court

    An executive for Assa Abloy's divestiture buyer appeared Friday to feed into a D.C. federal judge's concerns that the two companies don't have a better dispute resolution process than litigation, in a potentially important blow to Assa Abloy's $4.3 billion pickup of Spectrum Brands' hardware and home improvement business.

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