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[ TOWSON, Md. ]

Black & Decker Deal OK'd


Published: Friday, March 12, 2010 at 11:58 p.m.
Last Modified: Friday, March 12, 2010 at 11:58 p.m.

Shareholders approved a nearly $3.5 billion stock buyout Friday, clearing the final hurdle for Stanley Works to acquire Black & Decker. The two formed a new company called Stanley Black & Decker, and became the nation's largest toolmaker, at the end of business on Friday. Stanley Works shares fell 97 cents or 1.65 percent to $57.86 Friday; Black & Decker shares fell 86 cents or 1.15 percent to $74.05.


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