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Assa Abloy postpones Spectrum home improvement business acquisition again

Assa Abloy postpones Spectrum home improvement business acquisition again
Assa Abloy postpones Spectrum home improvement business acquisition again -  Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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HELSINKI -Swedish lock maker Assa Abloy on Friday said its planned acquisition U.S.-based Spectrum Brands' home improvement division could be delayed to 2023 due to regulatory concerns, instead of being completed during this year.

The prolonged regulatory process had already postponed the deal in December last year.

The acquisition was announced last year when Assa, the world's biggest lockmaker, said it would pay $4.3 billion for the business.

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