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Tag: Reuters

ASSA ABLOY delivers Q1 results as trial gets underway


ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)

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Twitter fallout has many questioning the security, legitimacy of the platform

General News

Twitter fallout has many questioning the security, legitimacy of the platform

October 31, 2022Ken Showers, Managing Editor

SAN FRANCISCO – The bird is out of the cage at Twitter after a weekend of chaos following Elon Musk’s arrival on the scene as the new owner of the social media platform. Beginning on Oct. 27, Musk’s first act in his official capacity as the owner of Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and legal affairs policy chief Vijaya Gadde. Reports from both the Washington Post and Reuters seem to confirm that Musk’s team worked throughout the weekend in order plan...

Alwaleed bin Talal al Saud, Chris Murphy, Elon Musk, Kingdom Holding Company (KHC), Ned Segal, Parag Agrawal, Patreon, Paul Pelosi, Reuters, Social Media, The New York Times, The Washington Post, Twitter, Vijaya Gadde

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PE firm wants to combine Protection 1 and ASG

May 12, 2015Martha Entwistle

NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News. Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said. “Apollo Global Management is one of the top three largest private equity funds...

Apollo Global Management, ASG Security, GTCR, Imperial Capital, Jeff Kessler, Protection One, Reuters

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Also Noted

ADT Q2 profit rises

May 3, 2013SSN Staff

BOCA RATON, Fla.—ADT said Wednesday that its second-quarter net income rose 2 percent, an increase aided by additional customers for its ADT Pulse home automation system, according to an AP report For the period that ended March 29, ADT earned $107 million, or 47 cents per share. A year earlier the company earned $105 million (44 cents per share). On an adjusted basis, however, which excludes separation-related income, the company posted earnings per share of $0.41 for the quarter, which were...

ADT, home automation, NASDAQ, Residential Security, Reuters

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Vivint exploring sale

September 6, 2012Martha Entwistle

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies. Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC. Contacted...

Alex Dunn, APX Alarm Security Solutions, Ares Management, Blackstone Group, Goldman Sachs, GTCR, Jupiter Partners LLC, Peterson Partners, Protection One, Reuters, Security Systems News (SSN), Tiffany Galvin, Todd Pedersen, Vivint

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