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March 15, 2010

Black & Decker, Stanley deal OK'd

TOWSON, Md. (AP) — Shareholders approved a nearly $3.5 billion stock buyout Friday, clearing the final hurdle for Stanley Works to acquire Black & Decker.

The two are set to form a new company called Stanley Black & Decker, and become the nation's largest toolmaker, according to regulatory filings submitted to the Securities and Exchange Commission.


 
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