Former Federal Judge at Kendall Law Group Begins Shareholder Investigation into Black & Decker Merger

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Mon Nov 2, 2009 9:08pm EST

DALLAS--(Business Wire)--
Kendall Law Group, led by a former federal judge, today began an investigation
on behalf of Black & Decker (NYSE: BDK) shareholders. The investigation concerns
possible breaches of fiduciary duty in connection with the proposed acquisition
by Stanley Works for $4.5 billion. 

Stanley shareholders will own about 50.5 percent of the combined company, which
will be called Stanley Black & Decker. Black & Decker shareholders will hold a
49.5 percent stake after the all-stock deal is complete. Stanley will pay 1.275
shares per Black & Decker share, or $57.56 as of Monday`s close. The proposed
transaction is a 22 percent premium for Black & Decker shareholders. 

Kendall Law Group`s investigation concerns whether the consideration to be paid
to shareholders is grossly unfair, inadequate, and substantially below the fair
or inherent value of the Company and whether the directors and special committee
members may have breached their fiduciary duties by not acting in the
shareholders` best interests in connection with the sale process. 

The firm has significant experience representing investors in mergers and
acquisitions. For information about your rights as a BDK shareholder or if you
have information about this merger to share - contact attorney Hamilton Lindley
at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

Kendall Law Group LLP
Hamilton Lindley
877-744-3728 Toll Free
214-744-3000 Telephone
214-744-3015 Facsimile
hlindley@kendalllawgroup.com
www.kendalllawgroup.com

Copyright Business Wire 2009

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