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The Wall Street Journal just reported that Stanley Works and Black & Decker are merging in an all-stock deal valued at $4.5 billion. Black & Decker shareholders will get 1.275 shares of Stanley for each Black & Decker share they own, and Stanley will own 50.5 percent of the newly create company. To read the “Journal” post, click here. There’s a longer story on the merger here, at 247WallSt.
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Pete Knapp’s "IWF 2059" in the October issue of PW where he talks about the 2 remaining tool companies seems to be right on the money. And I hope he’s right about growing new fingertips!
How long until everyone left (is there anyone left) merges and we’re left buying tools from the ACME Corporation?
Like GM products, they’ll have different division names but they’ll all fall under the same mega-corporate umbrella.