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Stanley Works and Black & Decker Plan to Merge
Stanley Works and Black & Decker Plan to Merge
Stanley Works and Black & Decker, a rival tool and equipment maker, said Monday afternoon that they had agreed to merge in an all-stock transaction that they valued at about $4.5 billion.
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Stanley to buy Black & DeckerFT Alphaville
Stanley Works has agreed to purchase Black & Decker for $4.5bn in an all-stock tie-up uniting two big US household brands. Stanley, which makes hand tools, will pay a 22% premium, based on Friday’s close, to purchase Black & Decker’s equally well known line of power tools. The companies said ...
Toolmaker Deal Ends a 28-Year CourtshipDealBook
When Stanley Works agreed to buy Black & Decker for about $3.5 billion in an all-stock transaction, the deal marked the culmination of three decades of merger talks.
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The $3.5 billion Stanley Works purchase of Black & Decker, one of Stanley's main competitors for hardware and hand tools, leaves almost nothing for investors in the two companies to complain about, Breakingviews says.
Stanley Wants Bigger Tool Works (SWK, BDK, SNA)24/7 Wall St.
The tool sector for builders and home repair is about to get a lot smaller for investors looking for diversification of company choices to invest in. The Stanley Works (NYSE: SWK) and The Black & Decker Corporation (NYSE: BDK) have proposed a merger which would unite the brands. The ...
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As expected, Black & Decker Corporation's (NYSE: BDK ) stock is recovering ahead of the U.S. housing sector's better days, which is why I'm Reiterating my Buy rating for the company's shares, first recommended on April 17, 2009 at a price of $33.53. If you bought BDK in April, you're up ...