Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Black & Decker Corp.

November 3, 2009 1:00 PM EST

BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Black & Decker Corporation ("Black & Decker" or the "Company") (NYSE: BDK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Stanley Works ("Stanley").

The investigation concerns the price to be paid by Stanley to Black & Decker shareholders and the process by which Black & Decker's Board of Directors is addressing the transaction. Under the terms of the proposed transaction, Black & Decker shareholders will hold a 49.5 percent stake after the all-stock deal is complete. Stanley shareholders will own about 50.5 percent of the combined company. 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.

If you own shares of Black & Decker, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or visit www.howardsmithlaw.com. You may also email my firm at howardsmith@howardsmithlaw.com.

    Source: Law Offices of Howard G. Smith

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