They offered 2 times the amount that it should have gone for. I think that will hurt Irwin even more as they try to recoup their expenditures.
Irwin used to be a quality company 60 or so years ago. Not sure now, I think it's more low end retail.
We all know that Stanley and B&D are not what they were. But the idiot analysts on Wall Street think that they are a top tool company that can set Irwin straight, since Newell had no real tool experience. Isn't it amazing that the analysts don't know that Stanley and B&D have slipped into trash companies..