Newell Brands Inc. is selling its Rawlings sporting-goods business to Seidler Equity Partners and Major League Baseball for $395 million, the latest transaction the consumer-brands conglomerate has reached to trim its portfolio and improve its operations. Newell said Tuesday it plans to use after-tax proceeds of the sale of the baseball and glove maker to reduce debt and buy back shares. Rawlings’s...

Source: Wall Street Journal June 05, 2018 13:00 UTC