Posts for Ticker ‘SNA’

Stanley Wants Bigger Tool Works (SWK, BDK, SNA)

Money ImageThe tool sector for builders and home repair is about to get a lot smaller for investors looking for diversification of company choices to invest in.  The Stanley Works (NYSE: SWK) and The Black & Decker Corporation (NYSE: BDK) have proposed a merger which would unite the brands.  The companies see accretion to earnings per share of about $1.00 per share by year three with some $350 million in cost synergies.  This deal is a stock for stock merger where Black & Decker shareholders would receive a fixed shares ratio of 1.275 shares Of Stanley common stock per 1 share held of Black & Decker common stock.
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Posted on: November 2, 2009 – 4:57 pm in Consumer Goods, Housing, Mergers and Buy Outs, , ,