» Stanley to buy Black & Decker in $4.5B all-stock deal

Stanley to buy Black & Decker in $4.5B all-stock deal

Posted: 4:55 pm Mon, November 2, 2009
By Danielle Ulman

Towson-based toolmaker giant Black & Decker Corp. agreed to a $4.5 billion acquisition by Connecticut-based hardware and home improvement manufacturer Stanley Works, the companies said Monday. The all-stock deal will create Stanley Black & Decker, an $8.4 billion global industrial firm. “I’m very surprised. I always thought Black & Decker was a technological and marketing leader in ...

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