Nov 2nd, 2009 - Wall Street Journal
(Adds analyst comments, context and latest share prices, in the fourth through seventh and ninth paragraphs.)
NEW YORK (Dow Jones)--Stanley Works (SWK) agreed to buy Black & Decker Corp. (BDK) for $4.5 billion in stock, combining two household names in the market for tools.
Both companies' boards have approved the deal, which will give Black & Decker shareholders 1.275 shares of Stanley for each share. Based on Monday's closing price, that values Black & Decker at $57.57 a share, a 22% premium.
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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, Black & Decker In Deal
Nov 2nd, 2009 - Wall Street Journal
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.
Related videos from YouTube:
0:54Stanley Works - Stanley Works To Buy Black & Decker For $4.5 Billion - DealBook
tinyurl.com News Results: Stanley Works To Buy Black & Decker For $4.5B In Stk "Our products are highly complementary," he said, adding that Black & Decker makes power tools and that Stanley is in the hand-tool business. Stanley Works tinyurl ...
1:47Stanley sees savings in B&D deal
Tool makers Stanley Works and Black & Decker Corp. are betting that together they can wring out more profit and better position themselves for a housing market recovery than they could apart.
1:26November 3 Biz Minute
measures and an increase in the number of transactions it processed. Stanley Works struck a deal to buy rival Black & Decker for $3.4 billion dollars in stock, combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings ...
4:21CDTV.net 2009-11-03 Stock Market News, Trading News, Analysis & Dividend Reports
Business News, Stock Market News, Analysis & Dividend Reports, Stock Dividends, Stock Market Trading News, Market Wrap-up, Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B), Burlington Northern Santa Fe Corporation (NYSE: BNI), Stanley Works (NYSE: SWK) ...
