Sears Holdings (SHLD) Posts Smaller-Than-Expected Q4 Loss But Sales Slide Sharply
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Sears Holdings (SHLD) pursuing options for Kenmore, Die Hard brands
March 9, 2017 6:47 AM ESTSears Holdings (NASDAQ: SHLD) pursuing options for Kenmore, Die Hard brands
... MoreStanley Black & Decker (SWK) Completes Purchase of Craftsman from Sears Holdings (SHLD)
March 9, 2017 6:16 AM ESTStanley Black & Decker (NYSE: SWK) announced today that it has successfully completed its purchase of the Craftsman brand from Sears Holdings Corporation (NASDAQ: SHLD) for a net present value of approximately $900 million in cash, giving Stanley Black & Decker the right to develop, manufacture and sell Craftsman-branded products outside the Sears Holdings and Sears Hometown & Outlet Stores distribution channels. This transaction was originally announced on January 5, 2017.
Stanley Black & Decker's President and Chief Executive Officer, James M. Loree commented, "We are pleased to complete the purchase of the... More
