Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
frontdoor (FTDR) has issued an announcement.
Frontdoor, Inc. has entered into an agreement to acquire all the common stock of 2-10 for $585 million, with the deal expected to close in 2024, subject to customary adjustments and regulatory approvals, including the Hart-Scott-Rodino Act. The agreement includes a $30 million termination fee if certain government approvals are not obtained. Financing for this acquisition will be partially covered by a $575 million loan facility, in addition to Frontdoor’s available cash. This strategic acquisition aims to consolidate Frontdoor’s position in the market and is a significant development for stakeholders tracking company growth and market dynamics.
Learn more about FTDR stock on TipRanks’ Stock Analysis page.
