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TheStreet Open House

Stanley And Black & Decker Complete Merger

The Stanley Works (NYSE: SWK) announced today that it has completed its merger with The Black & Decker Corporation (NYSE: BDK).

“We are extremely pleased to announce the combination of these two companies and are both prepared and excited for our future as Stanley Black & Decker,” said President and CEO John F. Lundgren. “We have made significant strides to this point in laying the foundation for a successful integration and feel certain we have the talent, experience and strategy to achieve our goals.”

The combined company will be known as Stanley Black & Decker. Under the merger agreement, each outstanding share of Black & Decker common stock will be converted into 1.275 shares of Stanley Works common stock. The existing Stanley Works shares will remain outstanding and will represent approximately 50.5% of the shares outstanding after the merger. The combined company will trade on the NYSE under the symbol “SWK”.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Copyright Business Wire 2010

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