Allegion to acquire stanley black & decker's access technologies business

Dublin--(business wire)--allegion plc (nyse: alle), a leading global security products and solutions provider, has signed a definitive agreement to acquire stanley access technologies llc (“access technologies”) and assets related to the automatic entrance solutions business from stanley black & decker, inc. (nyse: swk) for $900 million in cash. when adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. reducing the amoun
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