Published: August 04, 2011
Stanley Black & Decker Announces Acquisition of Niscayah Shares
NEW BRITAIN, Conn. - (BUSINESS WIRE) - Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company" ) announced that
its wholly owned Swedish subsidiary has acquired in total 37,005,890
class B shares of Niscayah Group AB (publ) ("Niscayah" ), representing
approximately 10.2% of the outstanding shares1 and
approximately 7.2% of the total number of votes in Niscayah, at prices
not exceeding SEK 18. The acquisition of these shares was made through
purchases outside of the Company's pending tender offer to acquire all
the outstanding shares and warrants of Niscayah. This accumulation of
shares reflects the Company's commitment to the tender offer announced
on June 27, 2011.
Stanley Black & Decker, an S&P 500 company, is a diversified global
provider of hand tools, power tools and related accessories, mechanical
access solutions and electronic security solutions, engineered fastening
systems, infrastructure solutions and more. Learn more at www.stanleyblackanddecker.com.
The information in this press release was submitted for publication on
August 4, 2011 at 7 p.m. (CET) (1 p.m. ET).
1 Based on 363,258,897 outstanding Niscayah shares (excluding
1,800,000 treasury shares).
(United States):
Kate White
Vanek
Director, Investor Relations, Stanley Black & Decker
(860)
827-3833
kate.vanek@sbdinc.com
or
Tim
Perra
Director, Global Communications, Stanley Black & Decker
(860)
826-3260
tim.perra@sbdinc.com
or
Sard
Verbinnen & Co
David Reno/Brooke Gordon
(212) 687-8080
or
(Sweden):
JKL
Erik
Nilsson
+ 46 738 394 118
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