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It’s Official: Stanley Purchases 95% of Niscayah

After months of deal-making and regulatory review, Stanley Black & Decker has acquired about 95 percent of systems integrator and monitoring company Niscayah, Bloomberg reports.




NEW BRITAIN, Conn. — After months of deal-making and regulatory review, Stanley Black & Decker has acquired about 95 percent of systems integrator and monitoring company Niscayah, Bloomberg reports.

Backed by Niscayah’s board of directors, Stanley’s $1.2 billion offer beat out Securitas AB’s $907 million bid. Securitas spun off Niscayah in 2006.

All the conditions of the offer have been satisfied, according to a Stanley press release. Originally, the settlement was expected to start on Sept. 9; however, Stanley has extended the acceptance period to Sept. 23 for shareholders who have yet to submit their acceptance.

Source: Bloomberg

 


Article Topics
Business Management · News · Acquisitions · Industry News · Niscayah · Securitas · Stanley Black & Decker · All Topics
Acquisitions, Industry News, Niscayah, Securitas, Stanley Black & Decker


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