Reuters was first to report that Assa Abloy, the world’s leading lockmaker, is considering options including selling its Yale and Emtek locks brands as it seeks to overturn U.S. antitrust opposition to its planned purchase of Spectrum’s Hardware and Home Improvement. The news comes just weeks after the U.S. Department of Justice sued to block the company’s proposed $4.3 billion deal to buy a unit of Spectrum Brands Holdings that makes security, plumbing and builders’ hardware products.
The post Reuters reveals Assa Abloy considers selling Yale and Emtek brands to win U.S. approval for Spectrum deal appeared first on Reuters News Agency.
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