The Black & Decker Corporation board of directors under investigation

PRLog (Press Release) – Nov 03, 2009 – An investigation on behalf of current investors The Black & Decker Corporation (Public, NYSE:BDK), who purchased the shares before October 30, 2009, over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price were announced.

If you are currently an investor in shares of The Black & Decker Corporation (Public, NYSE:BDK), and purchased the shares before October 30, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com  or at: +1 (858) 779 - 1554

The investigation by a law firm focus on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of The Black & Decker Corporation arising out of their attempt to sell Black & Decker Corp to Stanley Works. On November 02, 2009 The Black & Decker Corporation (NYSE:BDK): and the Stanley Works (NYSE:SWK) announced that the Stanley Works (NYSE:SWK) and The Black & Decker Corporation (NYSE:BDK), have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global industrial leader in an all-stock transaction valued at approximately $4.5 billion. According to Black & Decker Corp both boards of directors have approved the transaction under which, , Black & Decker shareholders will receive a fixed ratio of 1.275 shares of Stanley common stock for each share of Black & Decker common stock they own. According to Black&Decker this represents an implied premium of 22.1% to Black & Decker’s share price as of Friday, October 30, 2009.

But according to an investigation by a law firm “the transaction appears to be unfair” to current investors of The Black & Decker Corporation (NYSE:BDK) because the “offer to purchase The Black & Decker Corporation (BDK) appears opportunistically timed to take advantage of the current economic downturn”. The investigation “concerns whether the Black & Decker Board of Directors breach their fiduciary duties to The Black & Decker Corporation (BDK) shareholders by agreeing to sell the BDK at an unfair price thereby harming The Black & Decker Corporation and its shareholders”,  “whether the directors of The Black & Decker Corp. may have breached their fiduciary duties by not acting in BDK shareholders' best interests”, and “the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this proposed transaction, the Stanley Works may be underpaying for Black & Decker Corporation , thus unlawfully harming BDK shareholders”. The Black & Decker Corporation shares NYSE:BDK reached over $67 per share in 2008, and over $95 per share in 2007. Shares of The Black & Decker Corporation ( NYSE:BDK) traded on the day before the announcement at $47.34 per share and inclined on the news in after hours trading to $58.55 per share. The Black and Decker Corporation, located in Towson, MD, is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Company is a global supplier of engineered fastening and assembly systems. The Black & Decker Corporation reported in 2007 Total Revenue of $6.5632billion with a Net Income of $518.10million and in 2008 Total Revenue of $6.0861billion with a Net Income of $293.60million.

Those who currently are investors in shares of The Black & Decker Corporation (Public, NYSE:BDK), and purchased the shares before October 30, 2009, and / or have additional information relating to the investigation, should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 –
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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