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Stanley Black & Decker to Purchase Boeing Provider; Deal Has a MAX Contingency

Stanley Black & Decker Inc. agreed to buy Consolidated Aerospace Manufacturing LLC for as much as $1.5 billion, with at least part of the consideration contingent upon the Boeing 737 MAX returning to service.

Stanley said $200 million of the purchase price for the specialty-fasteners manufacturer will be held back and is contingent on the Federal Aviation Administration allowing the MAX to return to service and Boeing Co. achieving certain production levels.

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