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Stock impact report

Jim Cramer Says Stanley Black & Decker's Deal With Howmet Is “Terrific” for SWK Shareholders [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
“Finally, there's the everybody wins kind of M&A. This morning, Stanley Black & Decker sold its aerospace manufacturing business, consolidated aerospace manufacturing to Howmet, a crackerjack aerospace company, for $1.8 billion in cash. This is a terrific deal for Stanley Black & Decker shareholders… because that company needs to repair its balance sheet, hence why the stock rallied 3%. Howmet… can become an even bigger player in aerospace, which is why that stock jumped $4.68.” Stanley-Black-Decker-Screwdriver-piqsels.com-id-zscze.jpg Stanley Black & Decker, Inc. (NYSE:SWK) designs and sells hand tools, power tools, outdoor equipment, and storage products. The company also supplies engineered fasteners, attachment systems, and industrial components. During the July 28 episode, Cramer said that the company's FCF is “going the wrong way.” He stated: “… Look, it's not just Dow. We were attracted to two stocks from our Charitable Trust because of their high yields: Best Buy and St Show less Read more
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