The Charter Communications corporate headquarters in Stamford, Conn., photographed on Monday, June 6, 2022. Tyler Sizemore / Hearst Connecticut Media Show More Show Less 8 of17 Building 1, which opened in March 2021, covers about 532,000 square feet across 14 floors, Building 2 encompasses about 288,000 square feet across nine floors, and the three-story connecting structure contains about 94,000 square feet. Ned Lamont and Stamford Mayor Caroline Simmons joined Charter leadership to cut the ribbon on the second building of the new Charter headquarters. Tyler Sizemore / Hearst Connecticut Media Show More Show Less 7 of17įormer Stamford Mayor David Martin attends the ribbon-cutting at the Charter Communications corporate headquarters in Stamford, Conn. Ned Lamont cut the ribbon at the Charter Communications corporate headquarters in Stamford on Monday. Tyler Sizemore / Hearst Connecticut Media Show More Show Lessįrom left, Mayor Caroline Simmons, Charter Communications CEO Tom Rutledge, Charter Communications Vice Chairman John Bickham and Gov.
Tyler Sizemore / Hearst Connecticut Media Show More Show Less 4 of17 Stamford Mayor Caroline Simmons speaks during the ribbon-cutting at the Charter Communications corporate headquarters in Stamford, Conn. Tyler Sizemore / Hearst Connecticut Media Show More Show Less 3 of17 Ned Lamont speaks at the podium beside Stamford Mayor Caroline Simmons and Charter Communications Chairman and CEO Tom Rutledge during the ribbon-cutting at the Charter Communications corporate headquarters in Stamford, Conn. Tyler Sizemore / Hearst Connecticut Media Show More Show Less 2 of17Ĭonnecticut Gov. Net sales at Spectrum's hardware and home improvement unit increased 48.8% from a year earlier to $419 million in the third quarter ended July 4, boosted by new products.Building 1, which opened in March 2021, covers about 532,000 square feet across 14 floors, Building 2 encompasses about 288,000 square feet across nine floors, and the three-story connecting structure contains about 94,000 square feet. Spectrum's California-based hardware and home improvement division houses brands such as Kwikset, Baldwin and Weiser.ĭemand for home improvement products has soared during the COVID-19 pandemic as people largely worked from home during the health crisis. The deal will also allow Spectrum to sharpen its focus on its pet care, home and garden and personal care businesses, with Chief Executive David Maura saying the downsized company would have higher growth rates and strong margins. Shares in Spectrum had risen 18% on Wednesday after the company said it would use the proceeds to reduce debt and make complementary acquisitions. "We see strong strategic rationale behind the deal, as it enables Assa to strengthen its position in the North America residential market," it said.
Investment bank Jefferies said the deal multiples were sensible. in particular," CEO Nico Delvaux told analysts and reporters. "In summary, a great addition to Assa Abloy Group really the missing piece for us in the Americas and in North America, the U.S. The deal, expected to close in the fourth quarter, would immediately add about 14% to Assa's consolidated sales, which were 88 billion crowns ($10.2 billion) in 2020.
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