Stanley pays $4.5 Billion to Add Black & Decker
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Stanley and Black and Decker join HandsPosted by: RaulDeSouzaStanley and Black and Decker join Hands -
Stanley and Black and Decker join HandsPosted by: RaulDeSouzaStanley and Black and Decker join Hands
Two of America’s iconic tool companies are merging, with Stanley buying up Black & Decker in a deal worth $4.5 billion in stock. Stanley Black & Decker, as it will be known, combined complementary facets of the business: B &D is No. 1 in power tools and, the companies say, has little overlap with Stanley’s area of expertise, hand tools.
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- News Source: Star Tribune | 18 days agoHand tool maker Stanley Works on Thursday cut its 2009 earnings forecast to account for a charge stemming from its planned $4.5 billion purchase of rival Black & Decker Corp. Shortly after the market closed Thursday, Stanley said it expects to record...
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- News Source: Seattle Times | 19 days agoArchibald will not receive a $20.5 million severance package following Stanley Works' purchase of the tool maker but may receive a bonus of $45 million if cost savings goals are met in three years...Archibald will not receive a $20.5 million...
- News Source: Des Moines Register | 19 days agoProsecutors in Muscatine County said a Mechanicsville woman has been arrested for allegedly attempting to extort $1 million from Iowans for Tax Relief and its chairman, David Stanley. Mary Katheryn Moravek, 51, was arrested without incident Tuesday.
- Blog Source: blog.taragana.com“There's a lot of smaller players who make cheaper tools,” he said. “I think these guys will still be competitive because you have consumers that won't be willing to pay up for the quality of a Black & Decker tool.” ...
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- Video Source: www.truveo.comStanley Works - Stanley Works ...Video Source: www.truveo.comStanley Works - Stanley Works To Buy Black
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