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Stanley Black & Decker Closes Sale Of Security Business To Securitas AB For $3.2 Bln
(RTTNews) - Stanley Black & Decker (SWK) announced Friday that it has completed the previously announced sale of most of its Security assets to Sweden-based Securitas AB for $3.2 billion in cash. The transaction further focuses Stanley Black & Decker's portfolio on its core businesses.
The sale includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines (Security).
Net proceeds from the sale are expected to fund debt reduction and the $2.3 billion share repurchase completed in the first quarter. This transaction was announced on December 8, 2021.
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CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers
The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJ's gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joe's candles, and certain baby loungers, citing various reasons. The recalls include BJ's Wholesale Club's' about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker Inc.'s about 46,200 units...
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Stanley Black & Decker Guides FY23 Above Estimates - Update
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Stanley Black & Decker Appoints Patrick Hallinan As New CFO
Stanley Black & Decker (SWK) announced Monday the appointment of Patrick Hallinan to Executive Vice President, Chief Financial Officer, effective April 6. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker.
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Stanley Black & Decker To Divest Oil & Gas Business To Pipeline Technique
Stanley Black & Decker (SWK) announced Tuesday it has signed a definitive agreement for the sale of its STANLEY Oil & Gas business to Pipeline Technique Ltd., a leading provider of solutions to the energy industry. The terms of the deal were not disclosed.
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Swiss Market Ends On Bright Note
The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
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European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
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Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States.
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U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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