Danaher Corp and Cooper Industries agreed to sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining the growing trend among U.S. conglomerates to shed non-core assets.Danaher and Cooper each own 50 percent of Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.Apex rival Stanley Black & Decker Inc said on Tuesday it would sell its door lock and bath fixture business to Spectrum Brands Holdings Inc for $1.4 billion to concentrate on its higher-margin businesses, including hand and power tools.Apex was formed in July 2010 by combining the tool businesses of Danaher and Cooper, which is in the process of being acquired by Eaton Corp for $11.8 billion.
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. Shares of DHR remained unchanged at $55.43. In the past year, the shares have traded as low as $43.69 and as high as $57.15. On average, 2973320 shares of DHR exchange hands on a given day and today's volume is recorded at 0.
Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Shares of SHLD remained unchanged at $58.90. In the past year, the shares have traded as low as $28.89 and as high as $85.90. On average, 957060 shares of SHLD exchange hands on a given day and today's volume is recorded at 0.
Spectrum Brands Holdings, Inc. is a consumer products company. Shares of SPB remained unchanged at $46.04. In the past year, the shares have traded as low as $23.04 and as high as $47.59. On average, 189992 shares of SPB exchange hands on a given day and today's volume is recorded at 0.
Stanley Black & Decker Inc. is a diversified global provider of power and hand tools, mechanical access solutions (automatic doors, commercial and residential locking systems), electronic security and monitoring systems and products and services for various industrial applications. Shares of SWK remained unchanged at $72.24. In the past year, the shares have traded as low as $55.88 and as high as $81.90. On average, 1731240 shares of SWK exchange hands on a given day and today's volume is recorded at 0.
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