Stanley Black & Decker, Craftsman complete $900M deal
March 10, 2017
Industrial Supplies | Chicago, IL | Corporate Acquisition
Stanley Black & Decker (NYSE: SWK) has completed its purchase of Craftsman from Sears (NASDAQ: SHLD) for some $900 million. The deal closed after being announced just two months ago, providing some much-needed cash to the struggling department store. Sears' shares closed up over 5% on Thursday, with Stanley Black & Decker closing slightly down.