NEW BRITAIN, Conn., Jun 27, 2011 (BUSINESS WIRE) -- Stanley Black & Decker (NYSE: SWK) (the "Company") announced that its wholly owned Swedish subsidiary acquired earlier today in Europe, through purchases made outside its pending tender offer to acquire all the outstanding shares and warrants of Niscayah Group AB, 21,010,494 class B shares of Niscayah, representing approximately 5.8% of the outstanding shares,1 at prices not exceeding SEK 18. This accumulation of shares reflects Stanley's commitment to the tender offer announced earlier today.
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 http://www.stanleyblackanddecker.com.
The information in this press release was submitted for publication on June 27, 2011 at 8:00PM (CET) (2:00PM ET).
1 Based on 363,258,897 outstanding Niscayah shares (excluding 1,800,000 treasury shares).
SOURCE: Stanley Black & Decker
Contacts (United States):
Stanley Black & Decker
Kate White Vanek, 860-827-3833
Director, Investor Relations
kate.vanek@sbdinc.com
or
Stanley Black & Decker
Tim Perra, 860-826-3260
Director, Global Communications
tim.perra@sbdinc.com
or
Sard Verbinnen & Co
David Reno/Brooke Gordon
212-687-8080
or
Contact (Sweden):
JKL
Erik Nillsson, + 46 738 394 118
