Spectrum Brands Holdings (SPB) confirms an agreement to purchase the Hardware & Home...

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

Spectrum Brands Holdings (SPB) confirms an agreement to purchase the Hardware & Home Improvement Group unit of Stanley Black & Decker (SWK) for $1.4B in a deal slated to close in Q1. Spectrum says the deal will add $0.75-$0.85 to EPS in 2013 and more than a buck per share in 2014.