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BDK Black & Decker Corp.

74.05
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
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 01:00:00

EU Commission OKs Stanley Works, Black & Decker Merger

12/03/2010 12:02pm

Dow Jones News


Black Decker (NYSE:BDK)
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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

 
 

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