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| Forum topic by Jim Savage | posted 21 days ago | 399 views | 0 times favorited | 16 replies | ![]() |
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21 days ago |
This was announced after the stock market closed today. The press release covers all of the usual topics: two great companies, complementary businesses, lots of synergies. Stanley will be the surviving name, and their CEO will be CEO of the combined company. Stanley shareholders will end up with 50.5% of the combined company, and BDK shareholders will have 49.5%. Board of Directors will have 9 from Stanley and 6 from Black & Decker. |
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21 days ago |
Well Damn, hate to see Stanley lowering thier standards. -- Dan-- Info for all @ http://www.hoistman.com |
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21 days ago |
Very interesting. Thanks for sharing. -- Wayne - Plymouth MN |
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21 days ago |
I only use Stanely’s old tools and I don’t use B&D at all so whatever works for them. -- Jim from Heirloom Woodshop Southern Oregon |
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21 days ago |
I know that Delta, Porter Cable, etc… have all gone down hill since Black & Decker bought them in 2004 or 2005 (can’t remember exactly) I hope that Stanley doesn’t follow suit considering their merger with Black & Decker. -- A hammer dangling from a wall will bang and sound like work when the wind blows the right way. |
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21 days ago |
Seeing that Stanley stuff is all over my local Walmart’s tool section, I wasn’t expecting them to be that good in the long run. Just please don’t screw up Delta again, they seem to be releasing some good tools lately. -- Ed |
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21 days ago |
I only wish I would stop buying that darn B&D junk. I think I’ve finally learned my lesson after being burned way to many times to count. Although Stanley isn’t anything to get all excited about, they are a better tool than B&D. Maybe Stanley can improve the B&D line. Forget that, it’s still junk -- Chunk |
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21 days ago |
Heres a link to our local news with a story on it http://www.news4jax.com/nationalnews/21501331/detail.html -- I can fix ANYTHING!.... Wheres the duct tape? |
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21 days ago |
And link to CNN “lots of synergies” = layoffs. -- We must guard our enthusiasm as we would our life - James Krenov |
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21 days ago |
Nope its not a good deal I dont like Stanley new stuff nor do I like B&D products they have always quit working. -- CJIII Future cabinetmaker |
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21 days ago |
I thought the goverment had to approve these things that create a monopoly? Or are Monopolies a thing of the past? -- Jerry--A man can never have enough tools or clamps |
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21 days ago |
It don’t matter who owns what, they all end up being made in China or the far east. Now someone opening a new tool manufacturing plant in the good old USA that would be news!!! -- Paul Sayre Creativity is a drug I cannot live without. Cecil B. DeMille (1881 - 1959) |
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21 days ago |
two bad produces joining forces, this can only go down hill.stanley hasn’t made a good tool since wwII. -- Roper - Master of sawdust- |
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21 days ago |
these mergers and buyouts help no one but the CEO and boards, the service and products do not improve, and usually get worse, they cut jobs, so the workers lose out, it is just a game for the higher ups. -- Smitty!!! |
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21 days ago |
Chunky C, I agree, I get burned by the Menards “Tool Shop” Crap but at least it is wicked Cheap and I can afford it as disposable, this week I posed a question to my Trim Carpentar freind, If I have a Northern tool Hammer drill ($12) and a Tool Shop Drill ($10) Both Corded, and a 2” forstner bit, and want to dill 1.5” into green elm….. Which motor burns out first? He thought about it then replied who cares They aren’t Festool. Ha Ha Ha Ha. Anyway for the bigger stuff I have increased my budget and slowed acquisitions. Check out my Lathe reveiw titled “My new favorite toy” -- As the Saw Turns |
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21 days ago |
Same as you guys. Their stuff is almost all for DIYers buying solely on price, and not knowing any better when it proves to be crap. It’s such a pity really, because it must put so many off woodworking, and doing stuff for themselves.. ian -- Late awakener.... |
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20 days ago |
The only way this works is if they view it as buying a competitor away. If they are hoping for any kind of synergy or profit expansions because of the addition, Stanley will likely be sorely disappointed. |
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