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Description: Stanley Works agreed to purchase Black & Decker Corp. yesterday for $3.5 billion in stock after on-and-off talks that spanned almost three decades.

Source: Bloomberg.com

Date: 11/03/2009

Link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai7WJ.67rcVE

Questions for discussion: 

  • Summarize the financial reasons that motivate this merger.
  • Why do you think a merger was agreed to at this time, after so many years of discussions?

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