March 17, 2010 (FinancialWire) — The Stanley Works (NYSE: SWK) said it has completed its merger with The Black & Decker Corp. (NYSE: BDK).

Under the merger agreement, each outstanding share of Black & Decker common stock will be converted into 1.275 shares of Stanley Works common stock.

The existing Stanley Works shares will remain outstanding and will represent around 50.5% of the shares outstanding after the merger.

The combined company will trade on the NYSE under the symbol “SWK,” and will be known as Stanley Black & Decker.

Connecticut-based Stanley Black & Decker is a provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, and other products.

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