3 Firms Build $3.2B Deal For Black & Decker's Security Biz
By Benjamin Horney (December 8, 2021, 9:02 AM EST) -- Freshfields-led Stanley Black & Decker has struck a $3.2 billion deal to sell the majority of its security business to Swedish security services giant Securitas, advised by K&L Gates and Mannheimer Swartling, the companies said Wednesday.
Under the terms of the transaction, Stanley Black & Decker Inc. will sell most of its security assets, which include Indianapolis-based businesses focused on both commercial electronic security and health care security, for $3.2 billion in cash, according to a statement. The assets involved in the deal are expected to post 2021 revenues of about $1.7 billion in total.
The Black & Decker security businesses...
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