MTD->>Stanley Black & Decker

[aj-allen]

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.

[bgsengine]

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

[RoyM]

I wonder what the reasoning is. They have to know how the box store market works.

[KE4AVB]

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