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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Black & Decker Corp. | NYSE:BDK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 74.05 | 0.00 | 00:00:00 |
The European Commission Friday cleared the merger of U.S. construction tool supplier Stanley Works (SWK) with peer Black & Decker Corp. (BDK).
Stanley Works agreed to buy Black & Decker for $4.5 billion in stock in November, in a deal that will enable the companies--household names in the U.S. tools industry--to cut costs and exert more influence on pricing.
Under terms of the deal, Black & Decker shareholders will receive 1.275 shares of Stanley for each share held. Stanley shareholders will hold a 50.5% majority stake in the combined company.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
1 Year Black Decker Chart |
1 Month Black Decker Chart |
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