Getting your player ready...
TOWSON, Md. — Shareholders approved a nearly $3.5 billion stock buyout Friday, clearing the final hurdle for Stanley Works to acquire Black & Decker.
The two formed a new company called Stanley Black & Decker, becoming the nation’s largest toolmaker, at the end of business Friday.
Stanley Black & Decker will retain headquarters in New Britain, Conn., where Stanley Works is headquartered. Meanwhile, the company’s power-tool division will remain headquartered in Towson, Md., where Black & Decker operates.
