Adds detail, context
HELSINKI, July 15 (Reuters) – Swedish lock maker Assa Abloy ASSAb.ST on Friday explained its planned acquisition U.S.-based Spectrum Brands’ residence improvement division could be delayed to 2023 thanks to regulatory worries, rather of staying completed through this yr.
The extended regulatory system experienced previously postponed the offer in December very last 12 months.
The acquisition was declared previous yr when Assa, the world’s most important lockmaker, stated it would shell out $4.3 billion for the business enterprise.
(Reporting by Essi Lehto, modifying by Anna Ringstrom and Stine Jacobsen)
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