Unlocking value

9 October 2012 By Robert Cyran

The market reckons Spectrum Brands got the better end of a $1.4 bln deal for Stanley Black & Decker’s locks unit. True, it boosts the buyer’s earnings – accretive, to use the lingo. But such M&A-derived growth often hurts later. Stanley deserves credit for longer-term thinking.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)