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frontdoor ( (FTDR) ) has issued an update.
Frontdoor, Inc. announced the completion of its acquisition of 2-10 Home Buyers Warranty for $585 million, enhancing its customer base, revenue, and product portfolio. The acquisition aligns with Frontdoor’s strategic growth priorities by opening new sales channels and diversifying its offerings. Additionally, the company secured a $1.47 billion credit facility to finance the purchase and refinance existing debts, positioning itself for further corporate initiatives.
More about frontdoor
Frontdoor, Inc. operates in the home warranty industry, providing comprehensive home service plans to protect homeowners from unexpected and costly repairs. The company offers solutions through its brands, including American Home Shield, and utilizes advanced technology to connect homeowners with professional contractors.
YTD Price Performance: 58.21%
Average Trading Volume: 587,576
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.22B
Learn more about FTDR stock on TipRanks’ Stock Analysis page.
