/PRNewswire/ Stanley Black & Decker, Inc. (NYSE: SWK) ("the Company") today announced that it has elected to redeem all its outstanding Series D Cumulative.
/PRNewswire/ Stanley Black & Decker, Inc. (NYSE: SWK) ("the Company") today announced that it has elected to redeem all its outstanding Series D Cumulative.
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NEW BRITAIN, Conn., April 28, 2021 /PRNewswire/ Stanley Black & Decker, Inc. (NYSE: SWK) ( Stanley ) today announced that it has elected to redeem all its outstanding Series C Cumulative Perpetual Convertible Preferred Stock (CUSIP No. 854502 853), no par value, with liquidation preference $1,000 per share (the Convertible Preferred Stock ) and that:
(A) the redemption date will be June 3, 2021;
(B) the redemption price will be $1,002.50 per share of the Convertible Preferred Stock payable in cash (which is equal to 100% of the liquidation preference of a share of the Convertible Preferred Stock
plus accumulated and unpaid dividends to, but excluding, the redemption date);
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