Stanley Black & Decker, Inc. (NYSE:SWH) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.
As previously disclosed in the Current Report on Form 8-K filed
by Stanley Black Decker, Inc. (the Company) with the
Securities and Exchange Commission (SEC) on October 14,
2016, the Company entered into a Stock and Asset Purchase
Agreement, dated as of October 12, 2016 (the Agreement),
to acquire substantially all of the assets and stock of the Tools
business (the Tools Business) of Newell Brands Inc. On
March 9, 2017, the Company completed the acquisition of the Tools
Business and paid a purchase price of $1.95 billion in cash,
subject to a customary working capital adjustment.
by Stanley Black Decker, Inc. (the Company) with the
Securities and Exchange Commission (SEC) on October 14,
2016, the Company entered into a Stock and Asset Purchase
Agreement, dated as of October 12, 2016 (the Agreement),
to acquire substantially all of the assets and stock of the Tools
business (the Tools Business) of Newell Brands Inc. On
March 9, 2017, the Company completed the acquisition of the Tools
Business and paid a purchase price of $1.95 billion in cash,
subject to a customary working capital adjustment.
The above description of the Agreement does not purport to be
complete and is subject to, and qualified in its entirety by, the
full text of the Agreement, which is filed as Exhibit 2.1 to the
Current Report on Form 8-K filed by the Company with the SEC on
October 14, 2016 and is incorporated herein by reference.
complete and is subject to, and qualified in its entirety by, the
full text of the Agreement, which is filed as Exhibit 2.1 to the
Current Report on Form 8-K filed by the Company with the SEC on
October 14, 2016 and is incorporated herein by reference.
Item 8.01. Other Events.
On March 10, 2017, the Company issued a press release announcing
the completion of the acquisition of the Tools Business, a copy
of which is attached as Exhibit 99.1 hereto.
the completion of the acquisition of the Tools Business, a copy
of which is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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2.1
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Stock and Asset Purchase Agreement, dated as of October 12,
2016, by and between Newell Brands Inc. and Stanley Black Decker, Inc. (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Company with the SEC on October 14, 2016). |
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99.1
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Press release dated March 10, 2017.
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Stanley Black & Decker, Inc. (NYSE:SWH) Recent Trading Information
Stanley Black & Decker, Inc. (NYSE:SWH) closed its last trading session 00.00 at 124.86 with 13,893 shares trading hands.
