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MTD->>Stanley Black & Decker

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MTD->>Stanley Black & Decker

Postby aj-allen » Thu Sep 13, 2018 5:36 pm

Stanley Black & Decker has announced that it has entered into a definitive agreement to acquire a 20 percent stake in MTD Products Inc., a privately held global manufacturer of outdoor power equipment, for $234 million in cash. Under the terms of the agreement, Stanley Black & Decker has the option to acquire the remaining 80 percent of MTD beginning on July 1, 2021.
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Re: MTD->>Stanley Black & Decker

Postby bgsengine » Thu Sep 13, 2018 8:31 pm

No big surprise there. especially with Husqvarna exiting the box store consumer segment , MTD wil just about have a virtual monopoly on that market Probably going to end up killing SBD's stock price though for a while til they can show MTD ads to their bottom line
How poor are they who have not patience. What wound did ever heal, but by degrees? - Iago (Othello Act II, Scene 3)
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Re: MTD->>Stanley Black & Decker

Postby RoyM » Thu Sep 13, 2018 9:52 pm

I wonder what the reasoning is. They have to know how the box store market works.
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Re: MTD->>Stanley Black & Decker

Postby KE4AVB » Fri Sep 14, 2018 3:39 am

Just another nightmare waiting to happen where we won't be able to get parts for the older equipment.
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