Frontdoor Inc

NASDAQ:FTDRUnited States

Jun 4, 2024

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• DJ Frontdoor to Buy 2-10 Home Buyers Warranty in $585 Million Deal, from 8:47AM ET on Tuesday Jun 04, 2024 by Dow Jones

  8:47AM ET on Tuesday Jun 04, 2024 by Dow Jones
  Companies Mentioned: FTDR
  
  By Colin Kellaher
  
  Frontdoor has struck a deal to buy 2-10 Home Buyers Warranty, a provider of new-home structural warranty protection plans, from private-equity firm Genstar Capital in an all-cash deal valued at $585 million.
  

• Frontdoor to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash, from 8:15AM ET on Tuesday Jun 04, 2024 by MT Newswires

  8:15AM ET on Tuesday Jun 04, 2024 by MT Newswires
  Companies Mentioned: FTDR
  08:15 AM EDT, 06/04/2024 (MT Newswires) -- Frontdoor (FTDR) said Tuesday it has agreed to acquire 2-10 Home Buyers Warranty for $585 million in cash. Founded in 1980, 2-10 Home Buyers Warranty is a provider of new home structural warranty protection...

• Frontdoor, Inc. to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash, from 7:30AM ET on Tuesday Jun 04, 2024 by Business Wire

  7:30AM ET on Tuesday Jun 04, 2024 by Business Wire
  Companies Mentioned: FTDR

  Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home warranties, today announced it has entered into an agreement to acquire 2-10 Home Buyers Warranty (2-10 HBW) in an all cash transaction valued at $585 million. The transaction is anticipated to close in the fourth quarter of 2024, subject to regulatory approval and other customary closing conditions.

• Frontdoor, Inc. to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash, from 7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones

  7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones
  Companies Mentioned: FTDR
  
  officers; the effects of our significant indebtedness; increases in interest rates increasing the cost of servicing our indebtedness; increased borrowing costs due to lowering or withdrawal of the credit ratings, outlook or watch assigned to us, our debt securities or our credit facilities; and our ability to generate significant cash needed to fund our operations and service our debt. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this news release. For a discussion of other important factors that could cause Frontdoor's results to differ materially from those expressed in, or implied by, the forward-looking statements included in this document, refer to the risks and uncertainties detailed from time to time in Frontdoor's periodic reports filed with the SEC, including the disclosure contained in Item 1A. Risk Factors in our 2023 Annual Report on Form 10-K filed with the SEC, as such factors may be updated from time to time in Frontdoor's periodic filings with the SEC. Except as required by law, Frontdoor does not undertake any obligation to update or revise the forward-looking statements to reflect new information or events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review Frontdoor's filings with the SEC, which are available from the SEC's EDGAR database at sec.gov, and via Frontdoor's website at frontdoorhome.com.
  

• *DJ Frontdoor, Inc. To Acquire 2-10 Home Buyers Warranty For $585 Million In Cash >FTDR, from 7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones

  7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones
  Companies Mentioned: FTDR