Tag: Donald Allan

Stanley Black & Decker to sell security business for $3.2 bn to Securitas

Stanley Black & Decker announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB for $3.2 billion. The proposed transaction includes Stanley Black & Decker’s Commercial Electronic and Healthcare Security business lines (Security). Net proceeds from the sale are expected to be used to fund, in part, an approximately $4 billion share repurchase…