Article: United States : The Stanley Works to Acquire Black & Decker in $4.5 Billion Stock Deal.

Byline: Mamta03

The Stanley Works, a worldwide supplier of tools and engineered solutions for industrial, construction and do-it-yourself use, and security solutions for commercial applications, and The Black & Decker Corporation, a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, announced this week that they have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global industrial leader in an all-stock transaction valued at approximately $4.5 billion.

The combination brings together two highly complementary companies with iconic brands and strong growth ...

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