January 5, 2017 / 12:59 PM / 8 months ago

Stanley Black & Decker to buy Sears' Craftsman brand for $900 mln

Jan 5 (Reuters) - Power tool maker Stanley Black & Decker Inc said it agreed to buy Sears Holdings Corp's Craftsman tool brand for $900 million in cash.

Sears had been looking at options for its tools business as it struggles to stanch a year-long decline in sales. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below