Spectrum Brands Announces Definitive Agreement to Sell Hardware & Home Improvement Segment for $4.3 Billion in Cash

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced it has entered into a definitive agreement to sell its HHI segment to ASSA ABLOY for $4.3 billion in cash, which represents over 14x HHI’s expected FY21 Adjusted EBITDA.

The transaction will simplify the Spectrum Brands business around three attractive business units, consisting of Global Pet Care, Home & Garden, and Home and Personal Care, and further strengthen the Company’s balance sheet. The remaining

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Sports Tourism Market to Grow by $ 890.90 Billion During 2021-2025 | Featuring BAC Sports Ltd., DTB Sports Hospitality and Event Management Ltd., and Great Atlantic Sports Travel among others

The potential growth difference for the sports tourism Market between 2021 and 2025 is USD 890.90 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Get Exclusive Sports Tourism Market Report Analysis

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The increasing number of sporting events and rapid expansion of various sports clubs to accommodate sports tourists and enthusiasts are some of the key market drivers. However, frequent cancelation of sports events due to financial constraints may impede market growth.

To learn about additional key drivers, trends, and challenges available with Technavio. Take a look

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Truist buying home improvement lender for $2 billion

Truist Financial has agreed to acquire a Florida-based home improvement lender for $2 billion.

The purchase of Service Finance Co. would widen the scope of Truist’s point-of-sale lending business to include financing to homeowners. The Charlotte, North Carolina, bank currently offers loan options for buyers of power equipment, trailers and other consumer products.

“The acquisition of Service Finance expands the scale and capabilities of our wholesale payments businesses, enabling Truist to deliver innovative financing solutions to Service Finance’s nationwide network of dealers and serve homeowners across the country,” Mike Maguire, Truist’s head national consumer finance and payments, said in a

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