What did Assa Abloy’s share price rise after the news?
Assa Abloy shares rose as much as 2.4% to 223.6 Swedish Krona ($20.89) after initially falling on the news. Competition between the two lockmakers has led to lower prices and better quality for consumers, Assistant Attorney General for Antitrust Jonathan Kanter said in a statement.
Should you buy Assa Abloy AB (asazy)?
Assa Abloy AB (ASAZY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 26 April 2023 in Stockholm, Sweden.
Who is Assa Abloy?
Sweden's Assa Abloy AB, the world's No. 1 lock maker, and U.S.-based Spectrum Brands Holdings said on Friday they have reached a settlement with the U.S. Justice Department regarding Assa's $4.3 billion proposed deal to buy Spectrum's hardware and home improvement (HHI) division.
How much money did Assa Abloy make in 2021?
ASSA ABLOY’s revenues were approximately $9.1 billion in 2021. Spectrum Brands Holdings Inc. is a publicly traded Delaware corporation headquartered in Middleton, Wisconsin.
