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Article: United States: Stanley Works to Buy Black & Decker for $4.5 Billion.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
The Stanley Works will acquire The Black & Decker Corp. in an all-stock, $4.5-billion transaction. Stanley supplies tools for industrial, construction, and do-it-yourself use; and Black & Decker manufactures power tools and accessories, hardware and home improvement products, and technology-based fastening systems.
Announcing the deal, the two companies listed a series of reasons to explain the consolidation, including: creating a comprehensive portfolio of iconic brands ; presenting complementary global product and service offerings ; establishing a stronger, more diversified global company ; delivering significant shareholder value ...