Stanley Black & Decker’s $1.6 Billion Acquisition of MTD Holdings Inc.
August 17, 2021
On August 17, 2021, Stanley Black & Decker announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), a privately held global manufacturer of outdoor power equipment, including Cub Cadet and Troy-Bilt, for $1.6 billion in cash. Stanley Black & Decker acquired a 20 percent stake in MTD in 2019. Cravath is representing Stanley Black & Decker in connection with the transaction.
The Cravath team is led by partners Robert I. Townsend III and Thomas E. Dunn and includes associate Cecily Xi on tax matters; partner Matthew Morreale on environmental matters; practice area attorneys Megan Y. Lew and Alexander S. del Nido on regulatory matters; and practice area attorney Brian M. Budnick on real estate matters. Paul A. Bryant also worked on M&A matters.
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J.D., 1990, Harvard Law Schoolmagna cum laude
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A.B., 1987, Harvard Collegemagna cum laude
- New York
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J.D., 1992, Duke Law Schoolsumma cum laude
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B.A., 1987, The College of William & Mary
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 2010, New York University School of Lawcum laude
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B.S., 2004, Cornell Universitymagna cum laude
- New York
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J.D., 2011, Benjamin N. Cardozo School of Lawcum laude
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B.A., 2006, University of Virginia
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