DoJ Makes Case Against Assa Emtek / Yale Divestiture

***** **** ***** ***** *** **** to ****** * ***** **** ** its ******** ** ******* ****** ***** stop *** ** **** *********** $*.* ******* ******** ** ******** Brands’******** & **** *********** (***) ********, the ** *** ** ******* ** trial, ******** *** *********.

**** ********** *** ******* ****** ****** controversial *** ****, **** *** ** DoJ ********** ******** *** **** **** **** ** "stop ** *** ***********" ****** **** "can ****", ********* ****** ****** ** **** ****-*********** ************ *** ******.

***, *** ** ********** ** ******* says**** *** *********** “******** *********** *********** and ******** ******* ************* *** *** proposed *****, ** **** ** *********** uncertainty *** ******** *********.”

** **** ******, **** ******** *** government’s ********** ** *** ****, ***** divestiture, *** ****** ** *** ********* case, *** *** *** ****** ************ impact ******* **** **** ** **** to ***** *** *** ****.

DoJ **********

*** ****** ********* ***** ** *** civil ********* **** **** **** *** divestiture *** *** ******* ***. ********* ********** **** ** *** ****** update** *** ********** *.*. ******* *****, filed ***. **, ****, **** *** deal ******** "****" *** "***********" *** the ****** *** *********.

************, *** ****** ****** **** "*** ***** *** **** **** ** "complex" *** ***** *** **** ***** ends."

***** ** *** *********** "****** ******* to ********** *********** *** **** *** to ** ********" ********* ** ********* "which ********** **** ** ********* ******** that **** ***** ***** ******* ** the *****," ********* ** ***.

***** ** **** * "******** ****** agreement *** **** *** ******** **** notionally ***** *** ***** *** ******* to ******** ******** ************ ** **** Abloy ****** **** ******** ************ *** assets ********* ** *********** ***** **** products," *** ****** *******.

****, *** ****** ****, *** **** **** ** *** **** involves * *********** ********* "****** ***** split."

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

**** ****'* ******** ****** ******** * narrow *********** *** ******** ** *** Yale ******* ****** ******** ********, *** only *** "********** ***********" ******** ********* branded ****, *** **** ** *** United ****** *** ******.

**** ***** "****** **** *** ** the **** ***** **** *** *** Yale ******* '**********' ******** ** *** United ****** *** ******, *** ******** products" *** *** ******* **** ***** "wide-ranging *** ******" ** *** ******** during * ***-**** **********, *** ****.

*** "******* *** ******* ********" ******* a **** ** ********* *** *********, and *** ***** *** *****'* ******* "to ********* *** ******** ***** *** Yale *****," *** ****.

*** ****** **** **** ********* **** do **** *** **** ********* *** an "************* ****** ** ****," ********** a **** ** *********** *********** ***** shared.

*** **** ***** ****** "***** *** companies *** **** ** ******* '********' closings *** ****** ** **** ****, Korea, *** *******, ********* *** ******* in ******* ***** *** *****'* ***** lock ******** **** ** **************," *** said.

"********" ******* **** ****** *** **** of **** ***********, *** ****** ****.

********* ** ***, *** ****-***** ********:

* ****** ** ****-***** ****** **** could ************ ****** *** ********** ********* such ** ******** ***** ***********, ******** imitations ** ****** *******, *** ********* termination ** *** ********* ** *** business ** ********* ********* ** *** divested ****** ********** ****** ******* ******* and *******.

Government ***** **** ***********

*** **** ** *** ******** **** 84,000 ********* **** ****, *** ****** information ** ***** ******* *** ****, and ***** ** ****** **** ******* testimony. *** *********** *** ** ********** ** **** to ******* *********, ***** ***** *********** delay *** ******** ***** ** ***** 2023.

Assa's ********

** *** *** ****** ****** (******** in ******* ********), **** ******** *** **********'* *********** and ****** **** "********* **********."

*** ******* **** ** *** ******** with *** ********* *********** *** *** provided "**** ***,*** ********* ***** *** start ** **** **********" ** ********* 2022. ** ********** *** ******* ********* were ******** ****** *** **********'* *************, Assa ****. ******** *** ******** ** give *** ******* ***** ** "***********," according ** *** *******.

*******, ** ****** *** *********** ** "not *******," *** **** ** ***** explained *** **** ** *** ********** eight ****** ******* ** **** ****.

***** ** ******* **** ******* ***** this ********* **** *** ********** ******* routinely ******* **** ******* ****** ** businesses, ** **** *** ********** *** routinely ******** ** *********** ********.

*** ******* ***** **** ***** ** "no ***** ** *** **********'* **********...**** there ** * '**** ******* ****** hardware ********.'"

*** *********** ** **** "***** **********" and "**** ***** ** *** *** transaction ******," **** ****.

******** **** ********* "*** ** ******** to ******* ******" *** ** ******* period, **** *** "*** **** **** employees **** **** ******** ** **** with *** ******** ********," *** ******* said. "**** *** ***** **** ******** ** specified ** **** *** ***** ** a ********** ******** ********* ** *** government" ** ***. *, ****.

Yale, ***** ****

******* ****** ****** ** *** ****'* Emtek *** ****** **** *** ******* hardware ******** *** *** *.*. *** Canadian **** *** ****** ***** ***** business *** $*** ******* *** **** ********* ***. *, ****. *** **** ** *********** ** the ******* ** ****'* *********** ** Spectrum ******' *** ********.

** ********** ****** *** ********* ***, **** **** ** *** ******** into *** **** **** ******* ****** "to ***** ******* *** ** *** alleged *********** ******** *********** *** ******** acquisition ** *** ******** *** **** Improvement ******** ("***") ** ******** ******."

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

*** *********** ** ********* ** *** successful ******* ******* *** *** ********* the ******* *********** ** ***. **** ABLOY **** ****** ***** ********* ** these ****-********** ********** ****** *** ******* and *** *** ********** **** ******** to ******* ** ******.

**** *** ******** *********** ** *** and *** *********** *** ******** ** close ****** *** ****** ******* ** 2023 ***** *** ********** ******* ******* the ***.

Case ******

***** * ********** ******* ****** *** judge ** ***. **, ****, *** case ** ***** ** ******** *** an ***** **** *****.

*** ********* ***** **** ** ********* 2022 ** ***** ** ***** *** HHI ****. *** ****** ***** ************ *** **************** ******* ****-*********** ******, ********* ******** from **** *** **** ******* ****** that *** ******* ****** ** "**** or *** ***********" ****** *** ************ "can ****."

** ********* ***** ***** ** ***. **, 2023, *** ********** **** **** *** merger ** "************* ******** ******* ** would ******* *********** *** ******* ******* concentrated ** ******* ** *************." *** court ****** "****** ** ********," *** said.

*** ****** **** ******** ******* ** should **** ** ***** ******* *** divestitures *** ************, ******* **** **** should **** **** ******.

**** ****** ******** **************** *** ********** **** ** **** win *** ** **** ** ***** the ******, **** ** ** *** to ***** *** ************ *** **********.

*******

***'* ********** ** ****'* ******** *********** complicate *** **** *** ******* *** likelihood ** * **********. ***** **** both ***** ****** ** ** *** apart ** ***** *************** *** ******** for * *****, * ***** ** likely *** ***** ** ** ********* either **** **** ***. *** ********** losing *** ******* ** **** *** trial, ******, ** ******* ** ****.