Wednesday, October 5, 2016

Black & Decker reportedly interested in buying Sears’ Craftsman brand

Sears Holdings Corp.’s sale of its Craftsman tool business has attracted bidders including Stanley Black & Decker Inc. and Hong Kong’s Techtronic Industries Co., people with knowledge of the matter said.

Other companies such as U.S.-based Apex Tool Group and Sweden’s Husqvarna AB have also explored possible offers for Craftsman, according to the people. Final bids, which may value the brand at about $2 billion, are due at the end of the month, said the people, who asked not to be identified because the information is private.. . . more

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