What's Going On With Stanley Black & Decker Shares Monday?
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Stanley Black & Decker shares rose 3.88% after announcing the sale of its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion. The sale aligns with the company's strategy to enhance shareholder value and focus on core brands. The proceeds will be used to reduce debt, aiming for a leverage ratio of 2.5 times net debt to adjusted EBITDA. The transaction is expected to close in the first half of 2026, pending regulatory approval.
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