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API GROUP CORPORATION

(APG)
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APi Group's Planned Chubb Acquisition Won't Face Further Probe From UK Regulator

12/06/2021 | 06:23am EST

By Joe Hoppe

The U.K. Competition and Markets Authority said Monday that it won't refer APi Group Corp.'s planned $3.1 billion acquisition of Chubb Ltd. for further investigation.

The U.K. regulator first said it will probe the deal on Oct. 18, and has now said it won't refer the acquisition to a phase 2 investigation.

APi--a provider of safety, specialty and industrial services--said on July 27 that it had agreed to buy Carrier Global Corp.'s Chubb Fire & Security business.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

12-06-21 0623ET

Stocks mentioned in the article
ChangeLast1st jan.
API GROUP CORPORATION -2.21% 22.08 Delayed Quote.-14.32%
CHUBB LIMITED -0.57% 192.01 Delayed Quote.-0.67%
All news about API GROUP CORPORATION
01/10Baird Downgrades APi Group to Neutral from Outperform, Keeps $26 Price Target
MT
01/07UBS Adjusts APi Group Price Target to $33 From $25, Maintains Buy Rating
MT
01/04Barclays Adjusts APi Group Price Target to $30 From $24, Maintains Overweight Rating
MT
01/03API : Completes Acquisition of Chubb Fire & Security Business - Form 8-K
PU
01/03API GROUP CORP : Entry into a Material Definitive Agreement, Completion of Acquisition or ..
AQ
01/03Carrier Completes $3.1B Sale of its Chubb Fire & Security Business to APi Group Corpora..
PR
01/03APi Group Completes $3.1 Billion Acquisition of Chubb Fire & Security Business
MT
01/03APi Group Completes Acquisition of Chubb Fire & Security Business
BU
01/03APi Group Corporation announced that it has received $800 million in funding from Black..
CI
01/03APi Group Corporation completed the acquisition of Chubb Limited from Carrier Investmen..
CI
More news
Analyst Recommendations on API GROUP CORPORATION
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Financials (USD)
Sales 2021 3 807 M - -
Net income 2021 22,8 M - -
Net Debt 2021 184 M - -
P/E ratio 2021 205x
Yield 2021 -
Capitalization 5 215 M 5 215 M -
EV / Sales 2021 1,42x
EV / Sales 2022 1,19x
Nbr of Employees 13 000
Free-Float -
Chart API GROUP CORPORATION
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Technical analysis trends API GROUP CORPORATION
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Mean consensus BUY
Number of Analysts 5
Last Close Price 22,08 $
Average target price 29,00 $
Spread / Average Target 31,3%
EPS Revisions
Managers and Directors
Russell A. Becker President, Chief Executive Officer & Director
Kevin S. Krumm Chief Financial Officer
James E. Lillie Co-Chairman
Martin E. Franklin Co-Chairman
Tom Bauer Vice President-Business Process Transformation