Stanley Black & Decker Inc

NYSE:SWK   3:59:57 PM EDT
184.44
+2.63 (+1.45%)
Mergers / Acquisitions

Stanley Black & Decker To Acquire Excel Industries

Published: 09/13/2021 11:55 GMT
Stanley Black & Decker Inc (SWK) - Stanley Black & Decker to Acquire Excel Industries, a Leading Manufacturer of Premier Turf-care Equipment.
Stanley Black & Decker Inc - Has Entered Into a Definitive Agreement to Acquire Excel Industries for $375 Million in Cash.
Stanley Black - Deal Will Be Modestly Accretive to Co's EPS in Year One, Accretive to EPS by About $0.15 - $0.20 by Year Three, Excluding Charges.
Stanley Black & Decker Inc - Transaction Will Be Funded With Cash on Hand and Proceeds From Borrowings.
Stanley Black & Decker Inc - Transaction Has Been Approved by a Majority of Excel's Shareholders.