|Bid||262.50 x 0|
|Ask||262.60 x 0|
|Day's range||260.20 - 265.30|
|52-week range||188.20 - 290.60|
|Beta (5Y monthly)||0.55|
|PE ratio (TTM)||30.52|
|Forward dividend & yield||3.90 (1.41%)|
|Ex-dividend date||22 Nov 2021|
|1y target est||N/A|
U.S. lockmaker Spectrum Brands Holdings Inc has agreed to sell its hardware and home improvement division to Swedish rival Assa Abloy for $4.3 billion in cash. Shares in Assa Abloy rose 6.2% in early trade on Thursday, buoyed by the deal and the prospects for expansion beyond its commercial business in North America into the residential market. "In summary, a great addition to Assa Abloy Group; really the missing piece for us in the Americas and in North America, the U.S. in particular," CEO Nico Delvaux told analysts and reporters.
(Bloomberg) -- Spectrum Brands Inc., the consumer-goods company that owns Pfister faucets and Cutter bug spray, agreed to sell its hardware and home improvement division to Swedish lockmaker Assa Abloy AB for $4.3 billion in cash.Spectrum expects to receive net proceeds of $3.5 billion, which will be used to repay debt, reduce its leverage ratio and potentially fund future acquisitions, the company said Wednesday in a statement that confirmed an earlier report by Bloomberg News. The deal is expe
Sweden's Assa Abloy, the world's biggest lockmaker, beat expectations with a 71% jump in second-quarter operating profit on Monday, saying demand picked up in many of its markets even as travel-related sectors, such as hotels, still lagged. The company - whose products range from security doors and automated entrance solutions to electronic and mechanical locks under a wide range of brands such as Yale, said sales returned to or exceeded pre-pandemic levels in three divisions including its biggest, Entrance Systems. Assa Abloy said its Global Technologies division grew like-for-like sales by 17% though volumes in travel-related segments, such as hotels, which it supplies with key cards, in-room safes and electronic door locks, still remained lower than before the pandemic.