Shareholders Approve Stanley Works Acquisition Of Black & Decker (SWK,BDK)


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


3/13/2010- Shareholders approved Stanley Works (NYSE: SWK) approximately $3.5 billion stock buyout of Black & Decker (NYSE: BDK).

The two formed a new company called Stanley Black & Decker and is now the largest U.S. toolmaker.

The headquarters will be in New Britain, Connecticut, where Stanley Works is currently headquartered. The company's power tool division headquarters will remain in Towson, Maryland.

Black & Decker shareholders received stock valued at $57.57 for each share. Stanley shareholders own about 50.5% of the combined company and Black & Decker shareholders own the rest.

Write to Chip Brian at cbrian@tradethetrend.com

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20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: Consumer DiscretionaryHousehold Appliances