Stanley Works Completes Acquisition of 67% of Besco Pneumatic Corporation Shares for $42 Million

Search Blogs that Mention this News Release

Click this link to view linked Bookmarking Services

Click this link to view linked Blogging Services

Stanley Works Completes Acquisition of 67% of Besco Pneumatic Corporation Shares for $42 Million

    NEW BRITAIN, Conn., July 31 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced that it has completed the acquisition of
approximately 67% of the outstanding shares of Besco Pneumatic Corporation
("Besco"), a leading manufacturer of pneumatic tools headquartered in
Taichung, Taiwan, for $42 million in cash. The Stanley Works will have the
option to acquire an additional 15% of outstanding shares over a five-year
period.
    The Stanley Works, an S&P 500 company, is a worldwide supplier of tools
and security solutions for professional, industrial and consumer use.
    The Stanley Works corporate press releases are available in the
Investor Relations section of the company's Internet web site at
http://www.stanleyworks.com.

SOURCE The Stanley Works

http://www.StanleyWorks.com

http://www.prnewswire.com/comp/874363.html /
CONTACT:
Gerry Gould, VP - Investor Relations, The
Stanley Works, +1-860-827-3833, ggould@stanleyworks.com