Assa CEO Says They Need To "Stop Or Buy Competitors" Before They "Can Grow"

By John Honovich, Published Sep 22, 2022, 09:41am EDT (Info+)

A bombshell disclosure within the US DoJ's complaint to stop Assa's deal to acquire Spectrum HHI, Assa Abloy CEO's said that they needed to "stop or buy competitors" before the mega company "can grow".

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Assa is now trying to make the Department of Justice "withdraw the Complaint from the public docket" and "refile it under seal."

In this note, we examine the various critical disclosures made and Assa's attempts to withhold that information from the public.

*** ********* ******* ************* ****** ** ***** ********* **** the *** *** ******** **** *** companies ******* *** *******'* ********* ** the ****'* ****-*********** ******, *.*.:

[****] *** ******** **** **** **** that *** ******* “**[*] ** **** sure ** **** ** ***” *********** before **** “*** ****.”

**** ***** ********** ********* ****, ** a ****** ** *** ***********, *** of *** *********** **** ******** ****** would ** “** * ****** ******* negotiation ******** *** *** ****** ** increase ******.”

** *******’* ***** ******** ******** ***** the ******** *********** *** *********, *** combination ** ***** *** ******* “****** be **** ** ******** ***** ******** in *** *******.”

*********** ***** *** ******** *********** *** publicly *********, ******** *** ***** ********* internally *********** **** *** ****** **** would “[*]** * ****** **[*******] *******” and “**** ***** ** *** **** end,” ******* ********* **** ********* ***** product *****, **** ** **** ******** for ******* *****. **** ********** ********** sharply **** *******’* ***-****** ******** ** expand *** ******* ********* ** ***** to ******* ****** ******* *****.

"Creature ** ********* *************"

*** *** ****** *** ******* ************ as ***** ******** ** ************ ** increase ************* ****** *** ********:

**** ***** ** * ******** ** corporate *************. ** *** *********** ** 1994 ******* *** ****** ** ******* lock ***** **** ** *** ******* lock ***** ***** **. ***** ****, ASSA ***** *** **** ** * decades-long ************ *****—****** **** **** *** businesses ** ** *****, ********* *** of *** ********* **** *** ********** ASSA *****’* *****-*******-****** *********** **** ******** business. ** ******** **** ** ****, EMTEK ** ****, ***** & ***** in ****, ****** ** ****, *** Sure-Loc ** ****. ** **** ******** South ****** *****-**** ************ ***** ** 2007 *** ******* *****-**** ************ **** in ****. ***** ************ *** ****** by **** ***** **** ********* ************* in *** **** ******** ********.

Withdraw *** ****

***** *********** ** ***** **** *** Spectrum **** *** ********** **** ***** to ******** *** ********* *** **** it ******. *** *** ** ******** this.

**********' ********* *** **** ****** ******:

*** ********* ** **** *********** ** the ****** ****** ******** *** **********’* nondisclosure *********** ***** *** *** [****-*****-****** Antitrust ************] ***

**** ***** **** * ********* ** HSR ****** *** **** (*.*., ** an ****** **** *** ******* ***):

*** ********** ***** ****** ** *** other, ***** ****** ********** “** *** be ******** ** *** ************** ** judicial ****** ** **********.”

*******, **** ****** ** *** *** being *** **** ******* ** ****** such *********** ******:

******, *** “******** **********” ********* ***** sense **** ** *** ***** (** an ********* ************** ******) ** *** arbiter ** **** *** ** ******** publicly

***** **** **** *** ***** **** the *********** **** *****, **** ***** it ***** ********** ****** *** ********* of ***** *******:

** ********** **********’ ************* ********* *********** in *** *********, *** ********** *** enabled * ***** ******** ** *** information **** ***** ********** ****** *** integrity ** **********’ ******** **********, *********** positions, *** *********** *** ********.

**** *** *** ******** *** *** Court ***** * ***** ****** ** this, ** **** ****** ***********.

Important ** *** "********" *** ******

**** *********** ** ***** ********* ** the "********" *** ** *** ****** to ********** *** ***** ***** *** this ******* *** *** ********** ******.

Comments (4)

Undisclosed Integrator #1

09/22/22 02:50pm

** ** ******* ** ********* **** as "*** *** ***** * ******* gun *** **** ***** ***** ** keep *** ******** ****** ******* ** makes **** **** ***"?

Agree: 5
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Informative
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John Honovich

IPVM | In reply to Undisclosed Integrator #1 | 09/22/22 03:42pm

** ********, ** ** ** ** the ***** ** ****** ** *** DoJ ****** **** ********* ****.

**** ****, * ********** ***** **** would **** ***** **** ****** ** the *********** **** **** **** ***** CEO ****** ******** *** ***** ***********, etc.

Agree: 1
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John Honovich

IPVM | 09/22/22 03:45pm

******* ** ******** ********* ****:

* **** **** **** ***** ****** and ******** ******* ** *** ***** since **** ** ***** ****** ********** have **** **** *** *****.

*** ** ** ******* ** **** situation ***** ***** ****** *** ** few *********** ** **** ******.

Agree: 3
Disagree
Informative
Unhelpful
Funny: 2

Undisclosed Integrator #2

09/28/22 02:42pm

**** *** * *** ** ****** at *** ******. ****** ***** ** a ****, **** ** **** ****, getting **** ********* ** ** ******. Very *** ** *** ********* **** own *** ******* ******** ***** ***. Should ** ** ******** ***** ******** were ****. *** **** ****** *** another *******? ******* ***** *******. **** miss *** **** ** *** *** small ******* ***** *************** *********.

Agree: 1
Disagree
Informative
Unhelpful
Funny
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