HALISTER: Stanley Black & Decker to Buy Craftsman Brand From Sears

Stanley Black & Decker to Buy Craftsman Brand From Sears

(Bloomberg) -- Stanley Black & Decker to buy Craftsman brand from Sears Holdings.
  • Will pay SHLD $525m at closing, $250m at end of year three, and annual payments on new Craftsman sales through year 15 (2.5% through 2020, 3% through January 2023, and 3.5% thereafter)
  • Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SHLD US (Sears Holdings Corp)
SWK US (Stanley Black & Decker Inc)

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