Frontdoor To Acquire 2-10 Home Buyers Warranty For $585M In Cash, Deal Expected To Close In Q4; Says 2-10 Had $198M In Revenue In 2023
Portfolio Pulse from Benzinga Newsdesk
Frontdoor Inc. (FTDR) announced its acquisition of 2-10 Home Buyers Warranty for $585 million in cash. The deal is expected to close in Q4. 2-10 Home Buyers Warranty reported $198 million in revenue for 2023.
June 04, 2024 | 11:33 am
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Frontdoor Inc. (FTDR) is acquiring 2-10 Home Buyers Warranty for $585 million in cash. The acquisition is expected to close in Q4. 2-10 Home Buyers Warranty had $198 million in revenue in 2023.
The acquisition of 2-10 Home Buyers Warranty is a significant move for Frontdoor Inc. (FTDR), potentially boosting its revenue and market position. The deal's expected closure in Q4 and the substantial revenue of 2-10 Home Buyers Warranty ($198M in 2023) are likely to positively impact FTDR's stock price in the short term.
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