Assa Abloy buys Spectrum home improvement business for $4.3 bln

The logo for Spectrum Brands Holdings, Inc., is displayed screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermid

Sept 9 (Reuters) – U.S. lockmaker Spectrum Brands Holdings Inc (SPB.N) has agreed to sell its hardware and home improvement division to Swedish rival Assa Abloy (ASSAb.ST) for $4.3 billion in cash.

Shares in Assa Abloy rose 6.2% in early trade on Thursday, buoyed by the deal and the prospects for expansion beyond its commercial business in North America into the residential market.

Assa, the world’s biggest lockmaker, expects operating earnings

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iFIT Buys Sweat, Reportedly Eyeing An IPO

iFIT Health & Fitness Inc., Logan, Utah, has acquired Sweat, a platform for women’s health and fitness, the company announced on July 13. The acquisition comes as the Wall Street Journal reports that iFIT is working toward an initial public offering (IPO) this fall.

iFIT declined to comment to Club Industry on the report of an IPO, but the Journal reported that some people familiar with the plans shared that the company had confidentially filed papers with the Securities and Exchange Commission, which companies must do for an IPO.

iFIT, known as ICON Health & Fitness until a renaming in

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