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15.12.2023 14:11:33 - dpa-AFX: Stanley Black & Decker To Sell STANLEY Infrastructure
WASHINGTON (dpa-AFX) - Stanley Black & Decker (SWK) announced it has entered
into a definitive agreement to sell STANLEY Infrastructure, the company's
attachment and handheld hydraulic tools business, to Epiroc AB for $760 million.
Stanley Black & Decker plans to utilize the cash proceeds to reduce debt.
STANLEY Infrastructure designs, manufactures, and sells attachments, typically
used on excavators, and handheld hydraulic and battery-powered tools. Its brands
include LaBounty, Paladin, Pengo and Dubuis.
Stanley Black & Decker noted that it expects to incur a pre-tax, non-cash charge
of approximately $100 to $150 million related to the write-down of the
Infrastructure net assets, which will be excluded from adjusted earnings.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
into a definitive agreement to sell STANLEY Infrastructure, the company's
attachment and handheld hydraulic tools business, to Epiroc AB for $760 million.
Stanley Black & Decker plans to utilize the cash proceeds to reduce debt.
STANLEY Infrastructure designs, manufactures, and sells attachments, typically
used on excavators, and handheld hydraulic and battery-powered tools. Its brands
include LaBounty, Paladin, Pengo and Dubuis.
Stanley Black & Decker noted that it expects to incur a pre-tax, non-cash charge
of approximately $100 to $150 million related to the write-down of the
Infrastructure net assets, which will be excluded from adjusted earnings.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
Stanley Black & Decker | A1CTQA | NYSE | 83,050 | 29.05.24 20:45:21 | -1,870 | -2,20% | 83,000 | 83,070 | 84,000 | 84,920 |
