Sears Holdings (SHLD) Posts Smaller-Than-Expected Q4 Loss But Sales Slide Sharply

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Go back to Sears Holdings (SHLD) Posts Smaller-Than-Expected Q4 Loss But Sales Slide Sharply

Sears Holdings (SHLD) pursuing options for Kenmore, Die Hard brands

March 9, 2017 6:47 AM EST

Sears Holdings (NASDAQ: SHLD) pursuing options for Kenmore, Die Hard brands

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Stanley Black & Decker (SWK) Completes Purchase of Craftsman from Sears Holdings (SHLD)

March 9, 2017 6:16 AM EST

Stanley 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