We've obtained the legal filings from the court confirming what 4 brands/businesses they have agreed to divest.
Background: US DoJ Sues ASSA, Alleges HHI Deal Risks "Higher Prices, Lower Quality, Reduced Innovation", Assa CEO Says They Need To "Stop Or Buy Competitors" Before They "Can Grow", DoJ Makes Case Against Assa Emtek / Yale Divestiture
******** ****** ********, ***. (****: ***, “Spectrum ******” ** *** “*******”), * leading ****** ******* ******** ******** *** home ********** ******* ******* ** ******* innovation *** ********* *********** ******** *******, today ********* **** ** *** ****** to * *********** **** *** *.*. Department ** ******* (*** “***”) ** settle *** ***’* ********* ** **** ABLOY’s *********** ** *** *******’* ******** and **** *********** ******* (“***”).
***** *** *** ***** *******:
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**** *** ****** ** ****** *****, Schaub, ****** *** ****. *** ***** 3 *** *********, *** **** **** is **** ** *** ******, ******** excerpts *****:
“******* ********** *********** ********” ***** **** ABLOY’s (*)************ ********, *** (*)************* ********.
*** ***** ***** **** *** *** Schaub ***** ****, ********* *** ***** tothe ********* *** ********* ********* *** of *** ***** ***** **** *** the ****** ***** **** ** *** sales ********, ** **** ** *** registered *** ************ **********, ***** *****, service *****, ***** *****, *** ********* applications, ******** ** *** ***** *** Schaub **********;
“******* ********** *********** ******** *********” *****, at *** ****** **********, *** ****-****, part-time, ** ******** ********* ** **** ABLOY, ******** *******, ***** *** **************** relate ** *** *** ** *** Premium ********** *********** ********, ** *** time ******* ********* *, ****, *** the *********** ****. ******* ** ********’* election, *** ****** ******, ** *** sole **********, **** ******* *** ************ relating ** ***** ********* *** ******* Mechanical *********** ******** *********.
“***** **** *********** ********” *****: (*) the************* ********, *** (*) ************** *********** *** *********** ***** **** businesses ** ***U.S. *** ****** (including Yale Real Living), but does not include (i) the Yale branded commercial business anywhere in the world, and (ii) all other Yale branded businesses anywhere in the world. Q. “Smart Lock Divestiture Assets” means the (1) Yale Brand and Trademarks; and (2) at the option of Acquirer, all of ASSA ABLOY’s rights, titles, and interests in and to allproperty and assets, tangible and intangible, wherever located, relating to or used in connection with the Smart Lock Divestiture Business