Assa Abloy : Acquisition of HHI complicated by DOJ move
>DOJ decides to file civil antitrust lawsuit - The US Department of Justice yesterday filed a civil antitrust lawsuit aimed at blocking Assa Abloy’s acquisition of Spectrum Brands Holdings’ HHI division. According to the DOJ, Assa Abloy and HHI are two of the largest producers of hardware for residential doors in an already concentrated US sector valued at $ 2.4bn.The lawsuit, filed in the US District Court for the District of Columbia, alleges that the merg...ASSA ABLOY provides a range of door opening solutions. Co. is organized into five divisions. Europe, Middle East and Africa division, Americas (North and South America) division and Asia Pacific (Asia, Australia and New Zealand) division manufacture and sell mechanical and electromechanical locks, security doors and hardware in their respective geographical markets. Global Technologies division operates worldwide in the product areas of access control systems, secure card issuance, identification technology and hotel locks. Entrance Systems division is a global supplier of entrance automation products and service.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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