BRIEF-Frontdoor to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash-May 2024-www.financetom.com

BRIEF-Frontdoor to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash

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BRIEF-Frontdoor to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash

Jun 4, 2024 5:29 AM

June 4 (Reuters) - Frontdoor Inc ( FTDR ):

* FRONTDOOR, INC. ( FTDR ) TO ACQUIRE 2-10 HOME BUYERS WARRANTY FOR

$585

MILLION IN CASH

* FRONTDOOR INC ( FTDR ): COMBINED CO'S STRENGTHENED FINANCIAL

PROFILE

EXPECTED TO BE ADDITIVE TO ADJUSTED EBITDA AND FREE CASH FLOW

GENERATION IN 2025

* FRONTDOOR ( FTDR ) - TRANSACTION TO ACCELERATE FRONTDOOR'S REVENUE

GROWTH: 2-10 GENERATED ABOUT $198 MILLION IN REVENUE IN 2023

* FRONTDOOR INC ( FTDR ) - TRANSACTION IS EXPECTED TO INCREASE

FRONTDOOR'S

EARNINGS

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