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API GROUP CORPORATION

(APG)
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UK's CMA Launches Investigation into APi Group's Planned Chubb Buy

10/18/2021 | 04:26am EST

By Ian Walker

The U.K. Competition and Markets Authority said Monday that it is investigating whether APi Group Corp.'s planned $3.1 billion acquisition of Chubb Ltd. will lead to a "substantial lessening of competition" within its markets.

The regulator has invited comments from interested parties on the deal ahead of a further investigation. It has set a deadline for comments by Nov. 1, and a deadline of Dec. 13 for its phase 1 decision.

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 Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

10-18-21 0626ET

Stocks mentioned in the article
ChangeLast1st jan.
API GROUP CORPORATION 2.01% 23.3 Delayed Quote.25.84%
CARRIER GLOBAL CORPORATION 3.58% 55.52 Delayed Quote.42.10%
CHUBB LIMITED 4.12% 182.36 Delayed Quote.16.60%
All news about API GROUP CORPORATION
11/14Certain Options of APi Group Corporation are subject to a Lock-Up Agreement Ending on 1..
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11/14Certain Restricted Stock Units of APi Group Corporation are subject to a Lock-Up Agreem..
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11/14Certain Common Stock of APi Group Corporation are subject to a Lock-Up Agreement Ending..
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11/10API GROUP CORP Management's Discussion and Analysis of Financial Condition and Results..
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11/10Api Group Corporation Provides Revenue Guidance for 2021
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11/10APi Group Reports Third Quarter and Nine Month 2021 Financial Results - Form 8-K
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11/10APi Non-GAAP Financial Measures Supplemental Information – November 10, 2021
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11/10APi Group Posts Lower Q3 Adjusted Earnings; Revenue Gains
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11/10API : Q3 Earnings Snapshot
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11/10Earnings Flash (APG) API GROUP CORPORATION Reports Q3 Revenue $1.05B, vs. Street Est of..
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More news
Analyst Recommendations on API GROUP CORPORATION
More recommendations
Financials (USD)
Sales 2021 3 773 M - -
Net income 2021 41,9 M - -
Net Debt 2021 1 217 M - -
P/E ratio 2021 132x
Yield 2021 -
Capitalization 5 222 M 5 222 M -
EV / Sales 2021 1,71x
EV / Sales 2022 1,26x
Nbr of Employees 13 000
Free-Float 92,1%
Chart API GROUP CORPORATION
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Technical analysis trends API GROUP CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 22,84 $
Average target price 26,00 $
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Russell A. Becker President, Chief Executive Officer & Director
Kevin Krumm Chief Financial Officer
James E. Lillie Co-Chairman
Martin E. Franklin Co-Chairman
Tom Bauer Chief Information Officer
Sector and Competitors