Epiroc Splits Tool and Attachment Divisions
Significant growth and the acquisition of Stanley Infrastructure have prompted the split.
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Significant growth and the acquisition of Stanley Infrastructure have prompted the split.
The decline of more than 3% in Stanley Black & Decker is overdone, creating a buying opportunity in a stock poised to benefit from Fed rate cuts.
The $760 million deal includes the LaBounty, Paladin, Pengo and Dubuis brands of excavator attachments and handheld tools. Details at Equipment World.
Epiroc will pay $760 million for Stanley Infrastructure.
Stanley Black & Decker Inc.’s stock rose 2% in premarket trade Friday, after the tool maker said it’s selling Stanley Infrastructure to Epiroc AB in Sweden...