Stanley, B&D merger complete

New Haven, Conn.-based Stanley Works announced it has completed its merger with Black & Decker.

The new company will be called Stanley Black & Decker. Under the conditions of the merger, Black & Decker stock will be converted into 1.275 shares of Stanley Works, and the new company will appear on the New York Stock Exchange under the symbol SWK.

“We are extremely pleased to announce the combination of these two companies and are both prepared and excited for our future as Stanley Black & Decker,” said president and CEO John Lundgren. “We have made significant strides to this point in laying the foundation for a successful integration and feel certain we have the talent, experience and strategy to achieve our goals.”