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Danaher, Cooper to sell tools JV to Bain Capital

Oct 10 (Reuters) - Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion.

Danaher and Cooper each own a 50 percent interest in Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.

(Reporting by A. Ananthalakshmi in Bangalore; Editing by Saumyadeb Chakrabarty)

((ananthalakshmi.as@thomsonreuters.com)(within US +646 223 8780)(outside US +91 80 4135 5800)(Reuters Messaging: ananthalakshmi.as.reuters.com@reuters.net))

Keywords: DANAHER APEXTOOLGROUP/