Spectrum Brands Holdings Inc said it will acquire Stanley Black & Decker Inc's hardware and home improvement business for $1.4 billion in cash. The deal will add between 75 cents and 80 cents per share to Spectrum's pro forma earnings in 2013, exceeding $1.00 per share in 2014, the company said in a statement.
Spectrum Brands Holdings, Inc. is a consumer products company. Shares of SPB remained unchanged at $41.16. In the past year, the shares have traded as low as $23.04 and as high as $42.78. On average, 167478 shares of SPB exchange hands on a given day and today's volume is recorded at 0.
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