Pursuits
Sears’s Craftsman Said to Get Interest From Black & Decker
- Apex Tool, Sweden’s Husqvarna also said to have explored bid
- Sears considering options for tool business to generate cash
Shoppers look over Craftsman tools in a Sears store.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Sears Holdings Corp.’s sale of its Craftsman tool business has attracted bidders including Stanley Black & Decker Inc. and Hong Kong’s Techtronic Industries Co., people with knowledge of the matter said.
Other companies such as U.S.-based Apex Tool Group and Sweden’s Husqvarna AB have also explored possible offers for Craftsman, according to the people. Final bids, which may value the brand at about $2 billion, are due at the end of the month, said the people, who asked not to be identified because the information is private.