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Justice Department Sues to Block $4.3 Billion Home Security Merger

Justice Department Sues to Block $4.3 Billion Home Security Merger

The Justice Department on Thursday filed an antitrust lawsuit challenging a planned $4.3 billion deal in which leading lockmaker Assa Abloy AB is seeking to acquire a U.S. rival. The civil lawsuit, filed in a federal court in the District of Columbia, seeks to block the Swedish company’s planned acquisition of Spectrum Brands Holdings home improvement division. Spectrum Brands sells Kwikset-branded locks and Pfister-branded faucets, among other household items.