Stanley Works to buy Black & Decker for $4.5 billion

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Forum topic by Bob #2 posted 11-03-2009 05:07 PM 1067 views 0 times favorited 5 replies Add to Favorites Watch
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Bob #2

3809 posts in 3987 days

11-03-2009 05:07 PM

Topic tags/keywords: resource tip

Stanley Works to buy Black & Decker for $4.5 billion
Deal is expected to close in the first half of 2010

In a blockbuster deal, Stanley Works late yesterday announced a $4.5 billion all stock deal to acquire the Black & Decker Company, a move that will create one of the largest tool companies in the world.
Under the terms of the deal, which has been approved by the boards of both companies, Black & Decker shareholders will receive 1.275 shares of Stanley common stock for each share of Black & Decker common stock they own. That represents a 22.1% premium to Black & Decker’s closing price Friday.
Stanley Chairman and Chief Executive John Lundgren will take over as chief executive of the combined company, which will reportedly be called Stanley Black & Decker. Nolan Archibald, chief executive of Black & Decker for 24 years, will become executive chairman for three years.
The nine members of the current Stanley board of directors will be joined by six new members from Black & Decker’s board.

Read more info here:

-- A mind, like a home, is furnished by its owner

5 replies so far

View Gene Howe's profile

Gene Howe

10353 posts in 3394 days

#1 posted 11-03-2009 05:14 PM

Will Stanly pull B&D quality up? Or, will the reverse be true? If past associations (PC, DeWalt) with B&D are any gauge, it doesn’t bode well for us consumers.

-- Gene 'The true soldier fights not because he hates what is in front of him, but because he loves what is behind him.' G. K. Chesterton

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Bob #2

3809 posts in 3987 days

#2 posted 11-03-2009 05:24 PM

If quality was the criterion for successful business then Felder,Fein and Festool would be in every shop.
Truth is we are a culture of “make do” and “good enough”.

Knowing that is what makes B&D and Stanley as strong as they are. <g>


-- A mind, like a home, is furnished by its owner

View Douglas Bordner's profile

Douglas Bordner

4023 posts in 4029 days

#3 posted 11-03-2009 06:31 PM

I echo Gene. Hope this doesn’t mean crummy automated doors and tools. With the resumed production of bevel-up planes, I’m hoping for a rebirth of quality from The Stanley Works. Of course I still believe in the tooth fairy‚Ķ

-- "Bordnerizing" perfectly good lumber for over a decade.

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Bob #2

3809 posts in 3987 days

#4 posted 11-03-2009 06:33 PM

Nelson C. Amadingo at your service!

-- A mind, like a home, is furnished by its owner

View dusty2's profile


323 posts in 3394 days

#5 posted 11-04-2009 03:25 PM

I have been reading everything I could find about this M&A. I have been looking for something that says Stanley Tool Works is going to attempt to restore unquestionable quality to their product lines. I have not found that.

What has been easy to find are statements that indicate “increased profitability” is the key objective.

Easily located are statements like:

$350 million in cost savings,

enhanced opportunities to generate superior returns,

create tremendous value for shareholders of both companies through the realization of significant cost synergies, operating margin expansion and enhanced growth opportunities.

These are all typical of board room discussions and not what you will hear when talking to the end user.

Someone, please – show me where someone said that Stanley Tool Works is interested in building a fine, quality tool that can be honestly labeled as Made in the USA.

-- Making Sawdust Safely

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