Stanley Works to buy Black & Decker

摘要

Stanley Works announced in early November a $4.5 billion all-stock deal to acquire the Black & Decker Co., a move that will create one of the largest tool companies in the world.rnUnder the terms of the deal, which has been approved by the boards of both companies, Black & Decker shareholders will receive 1.275 shares of Stanley common stock for each share of Black & Decker common stock they own.rnStanley Chairman and Chief Executive John Lundgren will take over as chief executive of the combined company, which will reportedly be called Stanley Black & Decker. Nolan Archibald, chief executive of Black & Decker for 24 years, will become executive chairman for three years.