Spectrum Brands (SPB -2.1%) is apparently in final talks to buy a unit that makes door locks and...

|About: Spectrum Brand Holdings, Inc. (SPB)|By:, SA News Editor

Spectrum Brands (SPB -2.1%) is apparently in final talks to buy a unit that makes door locks and bath fixtures from Stanley Black & Decker (SWK +2.3%), edging out Apollo Global, who was also competing for the business. SWK put its hardware and home-improvement business on the auction block earlier this year, and the deal could fetch around $1.5B. The win would be a big one for SPB whose current market value is only $2.1B.