Stanley Black and Decker Sells Aerospace Unit for $1.8B
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Stanley Black and Decker sells Consolidated Aerospace Manufacturing unit to Howmet Aerospace for $1.8B, aiming to reduce debt and focus on core brands. The deal boosts investor confidence, with Stanley Black and Deckers stock surging and Howmets shares climbing. The transaction is expected to close in the first half of next year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
