STOCK TITAN

Securitas receives regulatory approvals for the acquisition of Stanley Security

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Securitas announced it has received regulatory approvals for the acquisition of Stanley Security, initially disclosed on December 8, 2021. The acquisition is set to be completed around July 22, 2022. This strategic move reflects Securitas's commitment to expanding its security services portfolio and enhancing its market position.

Positive
  • Regulatory approval received, facilitating the acquisition process.
  • Acquisition is expected to enhance Securitas's service offerings and market presence.
  • Transaction completion expected shortly, allowing integration and growth.
Negative
  • None.

STOCKHOLM, July 14, 2022 /PRNewswire/ -- Securitas today announces that it has been granted the required regulatory approvals for the acquisition of Stanley Security which was announced on December 8, 2021. The transaction is expected to be completed around July 22, 2022. 

Further information:
Investors: Micaela Sjökvist, VP Investor Relations; +46 76 116 7443, micaela.sjokvist@securitas.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/securitas/r/securitas-receives-regulatory-approvals-for-the-acquisition-of-stanley-security,c3601320

The following files are available for download:

https://mb.cision.com/Main/1062/3601320/1604459.pdf

Regulatory approval Stanley_220714_final

Cision View original content:https://www.prnewswire.com/news-releases/securitas-receives-regulatory-approvals-for-the-acquisition-of-stanley-security-301586656.html

SOURCE Securitas

FAQ

What are the expected benefits of Securitas acquiring Stanley Security?

The acquisition is expected to enhance Securitas's service offerings and expand its market presence.

When is the acquisition of Stanley Security by Securitas expected to be completed?

The acquisition is anticipated to be completed around July 22, 2022.

What regulatory approvals did Securitas receive for the Stanley Security acquisition?

Securitas received the necessary regulatory approvals to finalize the acquisition of Stanley Security.

When was the acquisition of Stanley Security announced?

The acquisition was initially announced on December 8, 2021.

SECURITAS A B UNSP/ADR

OTC:SCTBY

SCTBY Rankings

SCTBY Latest News

SCTBY Stock Data

7.54B
313.48M
Investigation Services
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
Stockholm