{"id":761706,"date":"2023-06-05T16:43:03","date_gmt":"2023-06-05T20:43:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/"},"modified":"2023-06-05T16:43:03","modified_gmt":"2023-06-05T20:43:03","slug":"spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/","title":{"rendered":"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI<\/b><\/p>\n<p>MIDDLETON, Wis.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSpectrum Brands Holdings, Inc. (NYSE: SPB, \u201cSpectrum Brands\u201d or the \u201cCompany\u201d), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican competition authority to sell the Company\u2019s Hardware and Home Improvement segment (\u201cHHI\u201d) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments.<\/p>\n<p>\nThe approval from the Mexican competition authority was the last regulatory approval required to complete this transaction. The closing of this transaction is subject to satisfaction of customary closing conditions. The Company continues to expect to close this transaction on or prior to June 30, 2023.<\/p>\n<p><b><i>About Spectrum Brands<\/i><\/b><\/p>\n<p><i>Spectrum Brands Holdings is a home-essentials company with a mission to make living better at home. We focus on delivering innovative products and solutions to consumers for use in and around the home through our trusted brands. We are a leading supplier of specialty pet supplies, lawn and garden and home pest control products, personal insect repellents, shaving and grooming products, personal care products, and small household appliances. Helping to meet the needs of consumers worldwide, Spectrum Brands offers a broad portfolio of market-leading, well-known and widely trusted brands including Tetra\u00ae, DreamBone\u00ae, SmartBones\u00ae, Nature\u2019s Miracle\u00ae, 8-in-1\u00ae, FURminator\u00ae, Healthy-Hide\u00ae, Good Boy\u00ae, Meowee!\u00ae, OmegaOne\u00ae, Spectracide\u00ae, Cutter\u00ae, Repel\u00ae, Hot Shot\u00ae, Rejuvenate\u00ae, Black Flag\u00ae, Liquid Fence\u00ae, Remington\u00ae, George Foreman\u00ae, Russell Hobbs\u00ae, Black+Decker\u00ae, PowerXL\u00ae, Emeril Lagasse\u00ae, and Copper Chef\u00ae. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.spectrumbrands.com&amp;esheet=53412526&amp;newsitemid=20230601006128&amp;lan=en-US&amp;anchor=www.spectrumbrands.com&amp;index=1&amp;md5=4e659b77ef9e3bb0347b03548eca71e6\">www.spectrumbrands.com<\/a>. Spectrum Brands \u2013 A Home Essentials Company\u2122.<\/i><\/p>\n<p><b><i>Forward Looking Statements<\/i><\/b><\/p>\n<p><i>Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these statements by using words like \u201cfuture,\u201d \u201canticipate\u201d, \u201cintend,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cmay,\u201d and similar expressions of future intent or the negative of such terms. These statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factors and uncertainties that could cause our actual results to differ materially from those expressed or implied herein include, without limitation: (1) the risk that ASSA ABLOY and Fortune fail to satisfy the conditions to closing of the divestiture transaction and \/ or otherwise fail to consummate the divestiture transaction, (2) the ability to consummate the announced transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the parties\u2019 ability to satisfy certain closing conditions and our ability to realize the benefits of the transaction, including reducing the leverage of the Company, invest in the organic growth of the Company, fund any future acquisitions, returning capital to shareholders, and\/or maintain its quarterly dividends; (3) the risk that regulatory approvals that are required to complete the proposed transaction may not be received, may take longer than expected or may impose adverse conditions; (4) our ability to realize the expected benefits of such transaction and to successfully separate the divested business; and (5) the other risk factors set forth in the securities filings of Spectrum Brands Holdings, Inc. and SB\/RH Holdings, LLC, including our fiscal 2022 Annual Report and subsequent Quarterly Reports on Form 10-Q.<\/i><\/p>\n<p><i>Some of the above-mentioned factors are described in further detail in the sections entitled \u201cRisk Factors\u201d in our annual and quarterly reports, as applicable. You should assume the information appearing in this press release is accurate only as of the date hereof, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since such date. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the United States Securities and Exchange Commission, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230601006128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230601006128\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230601006128\/en\/<\/a><\/span><\/p>\n<p>\nInvestor\/Media Contact: Faisal Qadir<br \/>\n<br \/>608-278-6207<\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin Mexico United States Central America North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Construction &amp; Property Pets Landscape Interior Design Home Goods Consumer Retail Consumer Electronics Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230601006128\/en\/1809208\/3\/SPB_WMLBAH.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI MIDDLETON, Wis.&#8211;(BUSINESS WIRE)&#8211; Spectrum Brands Holdings, Inc. (NYSE: SPB, \u201cSpectrum Brands\u201d or the \u201cCompany\u201d), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican competition authority to sell the Company\u2019s Hardware and Home Improvement segment (\u201cHHI\u201d) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments. The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction. The closing of this transaction is subject to satisfaction of customary closing conditions. The Company continues to expect to close this transaction on or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-761706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI MIDDLETON, Wis.&#8211;(BUSINESS WIRE)&#8211; Spectrum Brands Holdings, Inc. (NYSE: SPB, \u201cSpectrum Brands\u201d or the \u201cCompany\u201d), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican competition authority to sell the Company\u2019s Hardware and Home Improvement segment (\u201cHHI\u201d) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments. The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction. The closing of this transaction is subject to satisfaction of customary closing conditions. The Company continues to expect to close this transaction on or &hellip; Continue reading &quot;Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T20:43:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230601006128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI\",\"datePublished\":\"2023-06-05T20:43:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/\"},\"wordCount\":780,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230601006128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\\\/\",\"name\":\"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI - 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(NYSE: SPB, \u201cSpectrum Brands\u201d or the \u201cCompany\u201d), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican competition authority to sell the Company\u2019s Hardware and Home Improvement segment (\u201cHHI\u201d) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments. The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction. The closing of this transaction is subject to satisfaction of customary closing conditions. The Company continues to expect to close this transaction on or &hellip; Continue reading \"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-05T20:43:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230601006128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI","datePublished":"2023-06-05T20:43:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/"},"wordCount":780,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230601006128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-brands-receives-clearance-from-mexico-to-complete-the-sale-of-hhi\/","name":"Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI - 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