Sweden’s Securitas said on Wednesday it had agreed to buy U.S. rival Stanley Black & Decker’s electronic security solutions business for $3.2 billion in its biggest acquisition to date.
It said it would fund the deal through an underwritten bridge facility and an US$915 million equity rights issue intended to be launched following completion of the deal.
Current shareholders have in total provided commitments, declarations of intent, and guarantees to subscribe for 44.6% of the rights issue, it said.
Read more/Source: Reuters
