Stanley Works’s $4.5 Billion Acquisition of Black & Decker

On November 2, 2009, The Stanley Works and The Black & Decker Corporation announced a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global industrial leader, in an all-stock transaction valued at approximately $4.5 billion. The merger agreement, approved by the boards of directors of both companies, is expected to close in the first half of 2010.

The Cravath team includes partners Robert I. Townsend III and Mark I. Greene and associates Jonathan L. Corsico and Stephanie J. Binder on corporate matters; partner Eric W. Hilfers and associate M. C. Tania Balthazaar on executive compensation and benefits matters; associate Jessica L. Selb on antitrust matters; partner Michael L. Schler and associate Christopher K. Fargo on tax matters; and associate Matthew Morreale on environmental matters.