Stanley, Black & Decker In Deal

Nov 2nd, 2009 - Wall Street Journal

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Stanley Works and Black & Decker Corp. agreed to a $4.5billion all-stock deal that combines two iconic U.S. hand-tool and power-tool makers whose fortunes have faded amid a collapse in the housing market and a broader industrial slowdown.

Stanley is the smaller company, based on sales and employees, but will be the acquirer in the deal, which comes amid a slow period in deal making.

The deal holds a 22% premium for Black & Decker shareholders, who will own 49.5% of the company, while Stanley holders will have the rest. Black & Decker shareholders are receiving 1.275 shares of Stanley ...

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Stanley Works to acquire Black & Decker in $4.5B deal
Nov 3rd, 2009 - bizjournals
Black & Decker Corp. is being acquired by Stanley Works in a $4.5 billion all-stock deal resulting in the loss of one of the Baltimore area's largest headquartered companies.
Stanley Works To Buy Black & Decker Corp. In All-Stock Deal
Nov 3rd, 2009 - Courant
The Stanley Works, long a giant in American toolmaking, will buy The Black & Decker Corp. in an all-stock deal worth about $4.5 billion, the companies said Monday after the stock markets closed.
Black & Decker and Stanley to merge
Nov 3rd, 2009 - Washington Post
Black & Decker, struggling amid a sales slump resulting from a dramatic slowdown in construction, said Monday it would merge with rival Stanley Works in a $4.5 billion deal joining two of America's best-known tool manufacturers.
Stanley works to buy Black & Decker in all-stock deal
Nov 2nd, 2009 - Houston Chronicle
Stanley Works agreed to buy Black & Decker Corp. for about $3.5 billion, combining with the larger U.S. toolmaker in an all-stock transaction. The offer values Black & Decker shares at $57.57 based on Stanley's closing share price today...
Stanley Works to buy Black & Decker
Nov 2nd, 2009 - Washington Times
NEW YORK - Stanley Works is buying rival Black & Decker Corp. for $4.5 billion, the two companies said Monday, bringing together mammoth brands in the toolmaking business. Stanley shareholders will own about 50.5 percent of the combined company...