Shares of Stanley Black & Decker, Inc. (NYSE:SWK) [Trend Analysis] runs in leading trade, it surging 2.88% to traded at $121.05. The firm has price volatility of 2.03% for a week and 1.41% for a month. Its beta stands at 1.10 times. Stanley Black & Decker (SWK) reported that it has entered into a definitive contract to takeover the Tools business of Newell Brands for $1.95 billion in cash. Stanley Black & Decker expects the transaction to result in yearly cost synergies of about $80 – $90 million by year three.
The firm expects the acquisition to be about $0.15 accretive to eps in year one post-closing (increasing to about $0.50 per share by year three), not comprising about $125 to $140 million of restructuring and other accord related costs and about $40 million of non-cash inventory step-up charges, which in the aggregate will largely be incurred during years one and two. Narrow down four to firm performance, its weekly performance was -2.76% and monthly performance was 1.16%. The stock price of SWK is moving down from its 20 days moving average with -0.73% and isolated negatively from 50 days moving average with -0.83%.
Several matter pinch shares of Weyerhaeuser Co. (NYSE:WY) [Trend Analysis], as shares surging 1.89% to $31.34 with a share volume of 2.55 Million. Weyerhaeuser Co. (WY), a private owner of timberlands, reported on Wednesday the exploration of strategic alternatives for its timberlands and manufacturing operations in Uruguay.
The firm stated it intends to consider a broad range of alternatives, comprising continuing to hold and operate the business, or a sale. Doyle Simons, president and chief executive officer, stated, “Following our merger with Plum Creek, we are evaluating strategic alternatives for this business to best position it for long-term success and ensure we are maximizing value for our shareholders.” The stock is going forward its 52-week low with 46.56% and moving down from its 52-week high price with -4.60%. To have technical analysis views, liquidity ratio of a firm was calculated 2.10 as evaluated with its debt to equity ratio of 0.99. The float short ratio was 1.74%, as compared to sentiment indicator; Short Ratio was 3.76.