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0.000358189081225003 0.00201065246338211 0.00359520639147798 0.00798934753661777 0.0282956058588549 0.0179920106524633 0.0188415446071903 0.0143808255659121
Stock impact report

Stanley Black & Decker Announces Agreement to Sell Consolidated Aerospace Manufacturing Business to Howmet Aerospace for $1.8 Billion [Yahoo! Finance]

Stanley Black & Decker, Inc. (SWK) 
Last stanley black & decker, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
Company Research Source: Yahoo! Finance
sell its Consolidated Aerospace Manufacturing ("CAM") business to Howmet Aerospace for $1.8 billion in cash. CAM provides critical fasteners, fittings, and other engineered components for the aerospace and defense industries. Chris Nelson, Stanley Black & Decker's President & CEO, stated, "Divesting CAM reflects our ongoing dedication to enhancing shareholder value and focusing on growing our biggest brands and businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of 2.5 times net debt to adjusted EBITDA. After achieving this critical financial goal, we will have greater flexibility to pursue additional value-creation opportunities through a more agile capital allocation strategy. I am confident that CAM, along with its talented team, will thrive as part of Howmet Aerospace. I would also like to express my appreciation to all CAM employees for their exceptional dedication and remarkable contr Show less Read more
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