Monday, November 02, 2009
Stanley and Black & Decker to Merge
The Wall Street Journal just reported that Stanley Works and Black & Decker are merging in an all-stock deal valued at $4.5 billion. Black & Decker shareholders will get 1.275 shares of Stanley for each Black & Decker share they own, and Stanley will own 50.5 percent of the newly create company. To read the “Journal” post, click here. There's a longer story on the merger here, at 247WallSt.
— Megan Fitzpatrick
Read other entries by Megan Fitzpatrick
Monday, November 02, 2009 4:52:18 PM (Eastern Standard Time, UTC-05:00) 
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