Spectrum Brands settles DOJ challenge to $4.3B HHI sale to ASSA ABLOY

Spectrum Brands Holdings, Inc.

Reached stipulation with DOJ to settle its lawsuit blocking the $4.3B cash sale of HHI segment to ASSA ABLOY.
Only outstanding regulatory approval is from Mexican competition authority.
Transaction expected to close on or before June 30, 2023.
CEO David Maura says settlement is a critical milestone toward closing the deal.

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