Summary
Black & Decker Corp. yesterday beat analysts' expectations with its second-quarter results, pushing its stock to a record high.
The Towson, Md., tool manufacturer with about 22,300 employees also announced it will buy the Tools Group from Pentair Inc., a Golden Valley, Minn., tool company, for $775 million in cash. The Tools Group, which had $1.08 billion in sales last year, includes the Porter-Cable, Delta, Oldham Saw and Flex tool brands.See the full content of this document
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Black & Decker's Stock at New High
The news, along with the 61 percent surge in earnings, accelerated Black & Decker shares on the New York Stock Exchange to close yesterd...
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