Danaher (DHR) and Cooper Industries (CBE) agree to sell Apex Tool Group, their jointly owned...

|About: Danaher Corporation (DHR)|By:, SA News Editor

Danaher (DHR) and Cooper Industries (CBE) agree to sell Apex Tool Group, their jointly owned hand and power tools unit, to Bain Capital for $1.6B. Apex provides Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings' Craftsman brand.