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Stanley Black & Decker to buy Newell Brands' tools unit for $1.95B

The unit includes the industrial cutting, hand tool and power tool accessory brands Irwin and Lenox.        
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Two big tool makers have hammered out a merger deal, as power tool company Stanley Black & Decker Inc. will buy Newell Brands Inc.’s tool business for $1.95 billion, Reuters reports. The acquisition will add brands such as Irwin and...


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