The Justice Department’s settlement clears the way for the completion of a $4.3 billion deal.
Photo: Eric Lee for The Wall Street JournalThe Justice Department said Friday that it has settled its antitrust challenge to the Swedish lockmaker Assa Abloy ’s planned acquisition involving a U.S. rival, putting the $4.3 billion deal on track for completion.
Assa Abloy sells locks under various brand names.
In September 2021, it announced plans to buy Middleton, Wis.-based Spectrum Brands ’ Hardware and Home Improvement segment.
The Justice Department sued in September 2022 to block the deal, saying it would diminish competition in the residential door hardware industry and raise prices.