October 28, 2022
A D.C. federal judge wondered aloud Friday why the Justice Department needed to challenge Assa Abloy's $4.3 billion proposed purchase of Spectrum Brands' hardware and home improvement division before learning the specifics of a proposed divestiture it already says is insufficient, questioning if the entire case has been rushed.
October 17, 2022
Assa Abloy fired back Friday against the government's claim that its proposed $4.3 billion purchase of Spectrum Brands' hardware and home improvement division would eliminate head-to-head competition between the companies, pointing out that they offered to sell overlapping parts of the businesses to avoid monopolization.
September 15, 2022
The U.S. Department of Justice on Thursday sued to block Assa Abloy's planned $4.3 billion deal for the hardware and home improvement division of home products company Spectrum Brands over concerns about the market for residential door hardware, including smart locks.