Brussels, 15/03/2010 (Agence Europe) - On Friday 12 March, the European Commission gave its clearance for the proposed acquisition of Black & Decker Corporation by The Stanley Works, both tool manufacturers of the USA.
After examining the proposal, the Commission concluded that the parties are active in different product markets. While Stanley makes mostly hand and pneumatic tools, Black & Decker's strength is in electric power tools, and the overlaps between companies are therefore...