Stanley Adds $4.5B Tool to Its Belt: Black & Decker

Hand-tools giant merges with power-tools leader
By Will McCahill,  Newser Staff
Posted Nov 2, 2009 6:21 PM CST
A Black & Decker power drill.   (Wikimedia Commons)
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(Newser) – Two of America’s iconic tool companies are merging, with Stanley buying up Black & Decker in a deal worth $4.5 billion in stock. Stanley Black & Decker, as it will be known, combined complementary facets of the business: B &D is No. 1 in power tools and, the companies say, has little overlap with Stanley’s area of expertise, hand tools.