Assa Abloy tells court ‘close to agreement’ with U.S. over Spectrum Brands deal

In a joint status report issued to the U.S. District Court for the District of Columbia by the DOJ and defendant Assa Abloy (ASAZY), the parties reported "they are close to an agreement and will submit either a further status report or a proposed joint stipulation on or before February 20." Previously, Spectrum Brands (SPB) filed its answer to the lawsuit filed by the U.S. Department of Justice seeking to block the company’s sale of its Hardware and Home Improvement segment to Assa Abloy.