Frontdoor Expands Market Presence with Strategic Acquisition
Company Announcements

Frontdoor Expands Market Presence with Strategic Acquisition

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.

Related Articles
TipRanks Auto-Generated NewsdeskFrontdoor’s Acquisition of 2-10 HBW: Navigating Risks and Potential Liabilities
TipRanks Auto-Generated NewsdeskFrontdoor Reports Record Q3 2024 Earnings
TheFlyFrontdoor backs FY24 revenue view to $1.83B, consensus $1.84B
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App