Today, ASSA ABLOY formally filed its response to the U.S. Department of Justice´s (“DOJ”) complaint to block the proposed acquisition of the Hardware and Home Improvement division (“HHI”) of Spectrum Brands. On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis. On September 15, 2022, the DOJ announced that it will seek to block the proposed acquisition of HHI. ASSA ABLOY and Spectrum Brands are vigorously contesting in court the effort by the DOJ
