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BRIEF-Stanley Black & Decker reaches agreement to sell majority of its mechanical security businesses to dormakaba
December 21, 2016 / 5:05 AM / in a year

BRIEF-Stanley Black & Decker reaches agreement to sell majority of its mechanical security businesses to dormakaba

Dec 21 (Reuters) - Stanley Black & Decker Inc :

* Stanley Black & Decker - remaining part of mechanical security businesses, Sargent and Greenleaf (LTM revenues of about $50 million), was not included in sale

* Stanley Black & Decker - also announced that it intends to retain for long-term its commercial electronic security and automatic doors businesses

* Stanley Black & Decker reaches agreement to sell majority of its mechanical security businesses to dormakaba for $725 million in cash Source text for Eikon: Further company coverage:

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