Stanley Black & Decker Inc

NYSE:SWK  
186.26
-1.46 (-0.78%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Stanley Black & Decker To Buy MTD Holdings For $1.6 Bln

Published: 08/17/2021 11:02 GMT
Stanley Black & Decker Inc (SWK) - Stanley Black & Decker to Acquire Remaining 80 Percent Stake in Mtd Holdings for $1.6 Billion, Creating Global Leader in Outdoor Products.
Stanley Black & Decker Inc - Deal Expected to Add $0.50 per Share to 2022 Earnings, More Than $1.00 by Year Four, Excluding Charges.
Stanley Black & Decker Inc - Company Expects Transaction to Result in Cumulative Annual Cost Synergies of Approximately $100 Million by 2025.
Stanley Black & Decker Inc - Deal Expected to Be About $0.50 Accretive to Adjusted Earnings per Share in 2022, Increasing to Over $1.00 by 2025.
Stanley Black & Decker - One Time Charges Associated With Deal Seen to Be $175 - $200 Million of Integration, Restructuring and Other Deal Related Costs.
Stanley Black & Decker Inc -transaction Will Be Funded With a Combination of Cash on Hand and Proceeds From Debt Incurrence.