NYSE:SWKMachinery
Stanley Black & Decker Reshapes Portfolio With CAM Sale And Cost Cuts
Stanley Black & Decker (NYSE:SWK) agreed to sell its Consolidated Aerospace Manufacturing business for $1.8b in cash.
The company plans to use the proceeds to reduce debt as it completes a $2.1b run rate global cost reduction program.
Recent changes include a new General Counsel, an incoming Board Chair, and an additional director, marking a broad leadership refresh.
For investors watching NYSE:SWK, these moves come with the stock at $85.57 and a mixed return profile. The shares are up 8.2%...