Wednesday, November 4, 2009
Its About Time for Stanley and Black & Decker
For 28 years Stanley Works and Black & Decker have discussed a possible merger. On Monday that nearly 3-decade long courtship came to a close as Stanley agreed to buy Black & Decker for $3.5 billion. The two tool makers will now be worth about $8.4 billion combined. The deal is expected to close in the first half of next year.