Market Overview

Benzinga's M&A Chatter for Friday September 21, 2012:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 21, 2012:

Hearing Spectrum Brands in Talks to Buy Stanley Black & Decker Unit

The Rumor:
Spectrum Brands (NYSE: SPB) is in talks to purchase Stanley Black & Decker's (NYSE: SWK) home unit for $1 billion, according to a report from Bloomberg.

The deal may be announced on October 1.

Stanley Black & Decker closed at $78.25 Friday, a gain of 2.52% on 1.5 times average volume.

Posted-In: Long Ideas News Short Ideas Rumors M&A After-Hours Center Movers Trading Ideas

 

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