MDM Premium
Need Help? (888) 742-5060

In The News:

More From Mdm

United Stationers Elects USG Exec to CFO Post

Stanley Black & Decker Makes Bid to Acquire Niscayah

Stanley Black & Decker (NYSE: SWK), New Britain, CT, has made an offer to acquire Niscayah (OMX: NISC), a commercial security and monitoring company specializing in electronic security services and solutions based in Stockholm, Sweden. The total transaction value including assumed financial debt would be SEK 7.6 billion (US$1.2 billion). Niscayah had 2011 revenue of US$1 billion.

The proposed acquisition would expand and complement Stanley Black & Decker’s existing security product offerings and further diversify the company’s operations and international presence. Niscayah currently operates in northern, central, and southern Europe and the Nordic Region, as well as in the U.S.

The offer represents a 47 percent premium to Niscayah’s closing price prior to the disclosure of Stockholm-based Securitas AB’s offer to acquire Niscayah on May 16, 2011, a 24 percent premium to the current value of Securitas AB’s all-stock offer and a 15 percent premium to Niscayah’s stock price at close on June 23, 2011.

The independent committee of Niscayah’s board has unanimously recommended that shareholders and warrant holders accept the offer from Stanley Black & Decker.

© 2017 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

Partner Center