Stanley black & decker to acquire remaining 80 percent stake in mtd holdings for $1.6 billion, creating global leader in outdoor products

New britain, conn., aug. 17, 2021 /prnewswire/ -- stanley black & decker (nyse: swk) today announced that it has agreed to acquire the remaining 80 percent ownership stake in mtd holdings inc. ("mtd"), a privately held global manufacturer of outdoor power equipment, including cub cadet® and troy-bilt®, for $1.6 billion in cash.
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