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Assa Abloy (OTC:ASAZY) Stock, Option Chain

ASSA ABLOY AB

Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Some 70% of the group's revenue is derived from commercial, government, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.

Short Ideas

Trading Ideas

ASAZY

On Wednesday, shares of Assa Abloy (OTC: ASAZY) experienced volatile short activity. After the activity, the stock price went down -1.25% to $11.09.

The overall sentiment for ASAZY has been Bullish.

Short Volatility Alert: Assa Abloy

News

General

ASAZF

FBHS

Fortune Brands Acquires Hardware Businesses From ASSA ABLOY For $800M

Assa Abloy Acquires 85.7% Stake In Poland-Based Małkowski-Martech

Assa Abloy AB

On Wednesday, shares of Assa Abloy (OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazy#OTC">ASAZY</a>) experienced volatile short activity. After the activity, the stock price went down -1.25% to $11.09.
The overall sentiment for ASAZY has been Bullish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 5/31/2023 with a volatility change of +81.17%. The current volatility indicator stands at 13.306.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

<ul>
<li>Fortune Brands Home &amp; Security Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbhs#NYSE">FBHS</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/12/b29935206/fortune-brands-announces-agreement-to-acquire-emtek-and-schaub-premium-residential-hardware-brands" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">agreed to acquire</a>&nbsp;the Emtek and Schaub premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business from&nbsp;ASSA ABLOY AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazf#OTC">ASAZF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazy#OTC">ASAZY</a>).</li>
<li>The purchase price of the acquisition is $800 million, or approximately $700 million net of tax benefits, in cash on a cash-free, debt-free basis.</li>
<li>&quot;Yale and August will bring two great brands and significant engineering expertise into our already powerful security portfolio,&quot; said CEO Nicholas Fink.</li>
<li>The acquisition is conditioned on the successful closing of the acquisition by ASSA ABLOY from&nbsp;Spectrum Brands Holdings, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) of its Hardware and Home Improvement business following a favorable resolution of the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/12/b29935244/spectrum-brands-statement-on-assa-abloys-proposed-sale-of-its-emtek-and-smart-residential-business" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">court proceedings with the Department of Justice.&nbsp;</a></li>
<li>The acquisition is expected to close in the second quarter of 2023.</li>
<li>FBHS&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/10/b29424712/fortune-brands-delivers-strong-operating-margin-and-profit-results-company-updates-guidance-to-ref" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">held $345.3 million in cash and equivalents</a>&nbsp;as of September 30, 2022.</li>
<li>Price Action:&nbsp;FBHS shares closed higher by 0.34% at $65.56 on Thursday.</li>
</ul>

<ul>
<li>Assa Abloy AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazy#OTC">ASAZY</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/12/n24760247/assa-abloy-acquires-ma-kowski-martech-in-poland" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">acquired ~85.7% stake&nbsp;</a>in Małkowski-Martech S.A. from the Małkowski family, through an off-market transaction, for ~PLN 33 million ($8.08 million).</li>
<li>Małkowski-Martech, listed on the Warsaw Stock Exchange, NewConnect market, produces fire-rated curtains and gates. The company, established in 2000, has some 150 employees, with the main office located in Czołowo, Poland.</li>
<li>Małkowski-Martech&#39;s sales for 2020 amounted to ~ PLN 50 million (~SEK 110 million) with a good EBIT margin. The acquisition will be accretive to EPS from the start.</li>
<li>This acquisition strengthens Małkowski-Martech&#39;s commercial fire-rated door product portfolio. The combined offering will better address the customer needs for flexibility in building design and ease of installation.</li>
<li>Assa Abloy held&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/10/n23611170/assa-abloy-quarterly-report-q3-2021" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and equivalents SEK 5.99 billion</a>&nbsp;as of September 30, 2021.</li>
<li>Price Action:&nbsp;ASAZY shares are trading higher by 1.27% at $15.10 on the last check Thursday.</li>
</ul>

<ul>
<li>ASSA ABLOY&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazf#OTC">ASAZF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/09/n23106002/assa-abloy-to-acquire-arran-isle-ltd-in-the-uk" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">has agreed to acquire</a>&nbsp;Arran Isle, a designer, manufacturer, and distributor of door and window hardware in the UK and Ireland, for undisclosed financial terms.</li>
<li>Arran Isle has ~560 employees and has manufacturing and distribution sites in the UK, Ireland, Europe, and China. Sales for 2020 amounted to about &pound;100 million (~SEK 1.2 billion). The acquisition will be accretive to EPS from the start.</li>
<li>&quot;Arran Isle is an excellent addition to our business and, in particular, EMEIA&#39;s UK and Ireland market region. The acquisition brings well-known architectural and fenestration hardware brands to our portfolio,&quot; says Neil Vann, EVP of ASSA ABLOY and Head of EMEIA Division.</li>
<li>ASSA ABLOY held<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/n22034080/quarterly-report-q2-2021-assa-abloy" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;cash and cash equivalents SEK 3.54 billion</a>&nbsp;as of June 30, 2021.</li>
<li>The acquisition is expected to close during 4Q21.</li>
<li>Price Action:&nbsp;ASAZF shares closed higher by 3.21% at $30.61 on Friday.</li>
</ul>

ASSA ABLOY To Acquire Arran Isle For Undisclosed Sum

<ul>
<li>Spectrum Brands Holdings Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/09/b22850479/spectrum-brands-announces-definitive-agreement-to-sell-hardware-home-improvement-segment-for-4-3-b" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">agreed to sell&nbsp;</a>its Hardware &amp; Home Improvement (HHI) segment to&nbsp;ASSA ABLOY&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/asazy#OTC">ASAZY</a>), a Swedish conglomerate, for $4.3 billion in cash.</li>
<li>HHI division provides security, plumbing, and builders&#39; hardware products to the North American residential segment. Lake Forest, California-based HHI has about 7,500 employees worldwide.</li>
<li>HHI clocked <a href="https://www.benzinga.com/pressreleases/21/09/n22852207/assa-abloy-to-acquire-hardware-and-home-improvement-hhi-division-of-spectrum-brands">$1.3 billion in net sales</a> for the fiscal year ending September 2020 with an adjusted EBITDA margin of around 19%.</li>
<li>Spectrum Brands expects to receive $3.5 billion in net proceeds and plans to use it to repay debt and reduce its gross leverage ratio to 2.5x times in the near term.&nbsp;</li>
<li>Spectrum Brands expects to maintain its quarterly cash dividend of $0.42 per common share, which will be subject to continued review from time to time.</li>
<li>The deal is expected to be closed in Q4 2021.</li>
<li>Following this sale, Spectrum Brands will consist of three focused business units: Global Pet Care, Home &amp; Garden, and Home and Personal Care.</li>
<li>Price Action:&nbsp;SPB shares closed higher by 17.79% at $93.08 on Wednesday.</li>
</ul>

Long Ideas

Movers

Spectrum Brands To Sell Hardware & Home Improvement Segment For $4.3B

Intraday Update

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ARCH BIOPARTNERS INC ORD by Arch Biopartners Inc.

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Australia and New Zealand Banking Group Limited

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ASCOT RESOURCES LTD by Ascot Resources Ltd.

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