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Thursday, May 23
Stanley Black & Decker (SWK -2.4%) Chairman John Lundgren made an interesting revelation...
Stanley Black & Decker (SWK -2.4%) Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for SWK with its security business. On strategy: "Because if we are convinced a year or two years from now that we have got a 12x EBITDA business trapped in a 7 or 8x business, we will make it bigger."