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Briggs & Stratton (BGG) buys Brazil power equipment provider

from iStockAnalyst

Briggs & Stratton said it has bought Companhia Caetano Branco of Brazil for about $57 million in cash for the stock of the company, adjusted for certain liabilities. Briggs & Stratton, headquartered in Milwaukee, WI, financed the transaction from cash on hand. The acquisition is not anticipated to have a significant impact on sales or earnings in fiscal 2013. more

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