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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
While reporting financial results for the fourth quarter on Thursday, Stanley Black & Decker (SWK) initiated its earnings and adjusted earnings outlook for the full-year 2023, above analysts' estimates.
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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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Nikkei May Spin Its Wheels Again On Monday
The Japan stock market on Friday ended the two-day winning streak in which it had advanced more than 430 points or 0.8 percent. The Nikkei 225 now rests just above the 50,375-point plateau and it may remain stuck in neutral on Monday.
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Tech Shares May Lift South Korea Stock Market
The South Korea stock market on Friday halted the four-day winning streak in which it had surged almost 220 points or 5.5 percent. The KOSPI sits just above the 4,010-point plateau and it may see a technical rebound on Monday.
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Japan GDP Data Due On Monday
Japan will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the three months prior, GDP was up 0.5 percent on quarter and 2.2 percent on year.
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U.S. Dollar Falls Against Euro, Pound
The U.S. dollar fell against the euro and the pound in the New York session on Friday.
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