Spectrum Brands sells Hardware & Home Improvement unit to ASSA ABLOY for $4.3B cash

Spectrum Brands Holdings, Inc.

Purchase price of $4.3 billion in cash, subject to customary purchase price adjustments.
Business includes Kwikset, Weiser, Baldwin, Pfister, National Hardware, and other brands.
Closing subject to regulatory approvals, antitrust clearance, and other customary conditions.
Seller expects to use net proceeds to reduce leverage, invest in organic growth, and return capital to shareholders.

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