FTDR - Frontdoor Knocks Down Walls Acquires 2-10 HBW For $585M Cash: Details | Benzinga
Frontdoor, Inc. (NASDAQ:FTDR) shares are trading higher after the company inked a deal to acquire 2-10 Home Buyers Warranty (2-10 HBW) in an all-cash transaction for $585 million.
2-10 HBW provides insurance-backed structural warranty protection plans for new homes, offering coverage for builders against structural failures.
The deal is expected to close in the fourth quarter of 2024, subject to regulatory approval and other customary closing conditions.
The transaction brings expansion and diversification, as ...