Apollo, Spectrum Lead Bids For Stanley Black & Decker Assets

Law360, New York (September 14, 2012, 6:42 PM EDT) -- Private equity giant Apollo Global Management LLC and consumer products company Spectrum Brands Holdings Inc. on Friday were reportedly leading the bidding for Stanley Black & Decker Inc.'s door lock and bath fixture unit with a potential deal that could be worth up to $1.5 billion.

Apollo and Spectrum are the frontrunners of a group of unnamed companies who made bids earlier this month for industrial conglomerate Stanley Black & Decker's hardware and home improvement business, which sells brands including Weiser Lock, Kwikset and Price Pfister,...
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