Frontdoor Knocks Down Walls, Acquires 2-10 HBW For $585M Cash: Details
Portfolio Pulse from Lekha Gupta
Frontdoor, Inc. (NASDAQ:FTDR) has announced the acquisition of 2-10 Home Buyers Warranty for $585 million in cash. The deal is expected to close in Q4 2024 and will expand Frontdoor's market into new home segments, boosting earnings and providing cross-selling opportunities.
June 04, 2024 | 3:31 pm
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Frontdoor, Inc. (NASDAQ:FTDR) has acquired 2-10 Home Buyers Warranty for $585 million in cash. The acquisition is expected to close in Q4 2024 and will expand Frontdoor's market into new home segments, boosting earnings and providing cross-selling opportunities.
The acquisition of 2-10 Home Buyers Warranty will allow Frontdoor to diversify and expand into the new home segment, which is expected to boost earnings and provide cross-selling opportunities. The market has reacted positively, with FTDR shares up 3.61%.
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