Newell brands completes divestiture of the connected home & security business

Atlanta--(business wire)--newell brands inc. (nasdaq: nwl) announced today that it has completed the sale of the connected home & security business (ch&s) to resideo technologies, inc. (nyse: rezi) for a purchase price of $593 million, subject to customary working capital and transaction adjustments. the ch&s business, based in aurora, illinois, produces and distributes smoke and carbon monoxide combo alarms, fire suppressants, fireproof safes and other home safety products under th
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