Stanley Black & Decker Holds Onto Slight Gains As Company Bids On Niscayah

Stanley Black & Decker, Inc. SWK shares are holding onto slight gains after the company announced this morning that it intended to buy Niscayah for $1.2 billion. The company announced it was buying the Swedish security technology solutions company for SEK18 a share, making the deal worth approximately $1.2 billion, including debt. Niscayah had previously been approached by Swedish security company Securitas AB. That offer was worth approximately SEK5.8 billion. Niscayah was spun out from Securitas just a few years ago, in 2006. Stanley Black & Decker just put out a press release saying it has acquired shares of Niscayah. At last check, shares of SWK were up 26 cents to $69.54, up 0.38%.