Frontdoor, Inc. Completes Acquisition of 2-10 Home Buyers Warranty and Pricing of Previously Announced $1.47 Billion Credit Facility
Frontdoor, Inc. (FTDR)
Last frontdoor, inc. earnings: 2/26 07:05 am
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Source: Business Wire
Increases Frontdoor’s customer base, revenue and earningsOpens new sales channel for home warrantiesDiversifies portfolio into an adjacent and growing category MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has completed the acquisition of 2-10 Home Buyers Warranty following receipt of all regulatory approvals and satisfaction of all other closing conditions.“Frontdoor, Inc. now owns a great brand and highly complementary business that aligns very well with our strategic growth priorities,” said Frontdoor, Inc. Chairman and CEO Bill Cobb. “2-10 immediately grows our customer base, revenue and earnings. 2-10’s New Home Structural Warranty also diversifies Frontdoor’s product portfolio and customer base, opening up cross-selling opportunities for our home warranties and on-demand services.”Frontdoor purchased 2-10 Home Buyers Warranty in an all-cash transaction for $585 million, subject to certain
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- Three Reasons Why FTDR is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Frontdoor Completes Acquisition of 2-10 Home Buyers Warranty [Yahoo! Finance]Yahoo! Finance
- Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance Debt [Yahoo! Finance]Yahoo! Finance
- Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance DebtBusiness Wire
- Leaf Home™ Appoints Rocco Mango Chief Executive Officer and Rex Tibbens Executive Chairman of the Board [Yahoo! Finance]Yahoo! Finance
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