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Bain Capital is reportedly in final negotiations to acquire Apex Tool Group from Danaher (DHR)...

  • Thursday, September 20, 2012, 5:39 AM ET
    Bain Capital is reportedly in final negotiations to acquire Apex Tool Group from Danaher (DHR) and Cooper Industries (CBE) for $1.5B-$1.8B, and a deal could struck within several days. Apex, one of the world's biggest manufacturers of hand and power tools, produces Crescent wrenches, Lufkin measuring tapes, and tools for Sears' Craftsman brand.
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    Bain found another company they can load with debt and move production to China. Sigh... Craftsman tools were better alternative to cheap Menards Tool Shop throw-away stuff, I guess not for much longer:(
    20 Sep 2012, 09:21 AM Reply Like
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