Stanley Works buys Black & Decker

摘要

The stock transaction is valued at approximately $4.5 billion. Upon closing, which is expected in the first half of 2010, Stanley shareholders will own approximately 50.5 percent of the equity of the combined company and Black & Decker shareholders will own approximately 49.5 percent. The nine members of the current Stanley board of directors will be joined by six new members from Black & Decker's board of directors.