October 12, 2016 / 10:51 AM / 10 months ago

Stanley Black & Decker to buy Newell Brands tool business

Oct 12 (Reuters) - Power tools maker Stanley Black & Decker Inc said on Wednesday it would buy Newell Brands Inc's tool business for $1.95 billion in cash.

Newell's tool business had sales of about $760 million in the last 12 months, the companies said. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

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