secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001193125-22-187583
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion completes $900M acquisition of Stanley Black & Decker's Access Technologies business
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- Purchased for $900M cash; funded via $600M 5.411% Senior Notes due 2032 plus cash on hand and revolver borrowings.
- Acquired business generated approx. $340M net sales in 2021; automatic door solutions in North America non-residential markets.
- Allegion chairman says acquisition bolsters seamless access strategy and adds automatic entrance products and installation services.
- Transaction closed July 5, 2022; originally announced April 22, 2022; more details on Q2 2022 earnings call July 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000119312522187583/0001193125-22-187583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000119312522187583/d354414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-187583

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