Sears's Craftsman Gets Interest From Stanley Black & Decker

(RTTNews) - Sears Holdings Corp.'s (SHLD) sale of its Craftsman tool business has attracted bidders including Stanley Black & Decker Inc. (SWK) and Hong Kong's Techtronic Industries Co., Bloomberg reported citing people familiar with the matter.

Other companies such as U.S.-based Apex Tool Group and Sweden's Husqvarna AB have also explored possible offers for Craftsman. Final bids, which may value the brand at about $2 billion, are due at the end of the month, the report said.

There's no guarantee that the potential suitors will decide to proceed with a formal proposal, the report said.

SHLD closed Tuesday's regular trading at $12.08,up $0.71 or 6.24 percent.