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

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

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

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

Source text for Eikon:

Further company coverage:

Previous page： F5, Forcepoint Partner on Enterprise AI Security Next page： Energy Vault Buys 175 MW Battery Energy Storage Project in Texas

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

F5, Forcepoint Partner on Enterprise AI Security

Mar 24, 2026

10:12 AM EDT, 03/24/2026 (MT Newswires) -- F5 (FFIV) said Tuesday it has agreed to partner with data security company Forcepoint on enterprise artificial intelligence security. The partnership will combine Forcepoint's Data Security Posture Management offering for data discovery and classification with F5's red teaming and AI guardrails function in the F5 Application Delivery and Security Platform, according to a...

Energy Vault Buys 175 MW Battery Energy Storage Project in Texas

Mar 24, 2026

10:11 AM EDT, 03/24/2026 (MT Newswires) -- Energy Vault ( NRGV ) said Tuesday it has acquired a 175 MW, 350 MWh battery energy storage system project in Texas from Belltown Power. The project is expected to receive notice to proceed in Q4 and commercial operations are targeted for December 2027, the company said. Energy Vault ( NRGV ) said...

Update: Janus Henderson Says Trian, General Catalyst Increased Acquisition Offer to $52 a Share

Mar 24, 2026

10:07 AM EDT, 03/24/2026 (MT Newswires) -- (Update with details from a Trian Fund Management and General Catalyst Group Management press release in the final paragraph.) Janus Henderson Group ( JHG ) said Tuesday that Trian Fund Management and its affiliated funds and General Catalyst Group Management along with its affiliated funds have revised their acquisition offer for Janus to...

Grab Enters Deals to Execute Up to $400 Million of Share Buyback Program

Mar 24, 2026

10:08 AM EDT, 03/24/2026 (MT Newswires) -- Grab (GRAB) said Tuesday it entered into an accelerated share repurchase agreement with JPMorgan Chase (JPM) Bank and a contingent forward purchase agreement with Morgan Stanley ( MS ) to repurchase $250 million and up to $150 million, respectively, of class A Grab shares. The agreements will be executed under the company's $500...