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Stanley Black & Decker announced it will purchase the remaining 80% of MTD for $1.6 billion. MTD designs and manufactures outdoor power equipment under brands including Cub Cadet, Troy-Bilt, Robomow, Wolf-Garten, and Rover, and has 7,500 employees.
“Stanley Black & Decker has announced that they will indeed be purchasing the remainder of MTD for $1.6 billion.”toolguyd.com
Summarized from public sources; check the original articles before acting on it.