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Stock impact report

UPDATE 2-Stanley Black & Decker buys stake in outdoor garden equipment firm for $234 mln [Reuters]

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: Reuters
Stanley Black & Decker buys stake in outdoor garden equipment firm for $234 million | Reuters 2 Min Read (Reuters) - Stanley Black & Decker Inc said on Wednesday it would buy a minor stake in lawnmower maker MTD Products Inc for $234 million, expanding deeper into the outdoor garden equipment market and adding to its diverse line of products. The power tool maker has been beefing up its portfolio over the past two years after buying Newell Brands Inc’s tool business, Sears Holdings Corp’s Craftsman brand and a tool unit in Brazil. The company said it would buy 20 percent of MTD and will have the option to buy the remaining 80 percent of the privately held firm beginning on July 1, 2021. As part of the deal, which values MTD at about $1.17 billion, the power tool maker will name two representatives to MTD’s 11-member board of directors. MTD, which reported more than $2 billion in revenue last year, makes lawn tractors, trimmers, chain saws, utility vehicles and other outdoor power tool Show less Read more
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