Sears sells Craftsman brand to Stanley Black & Decker for about $900 million

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Sears sells Craftsman brand to Stanley Black & Decker for about $900 million

CHICAGO — Sears Holdings will sell its Craftsman tool brand to Stanley Black & Decker for about $900 million, the companies announced Thursday. The deal will provide another cash infusion for Sears, but it comes at a cost — broadening distribution of the well-known brand gives consumers one less reason to choose to shop at the…

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