The Newswire for Business Lawyers

Tool Giants Stanley, B&D Merge In $4.5B Deal

Law360, New York (November 02, 2009) -- The Black & Decker Corp. and The Stanley Works have agreed to merge into an $8.4 billion company as part of an all-out stock deal worth about $4.5 billion, the tool companies said Monday.

The Stanley Works will own the majority of the merged company: 50.5 percent compared to B&D's 49.5 percent....

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