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Stanley Black & Decker Acquires 95% of Sweden’s Niscayah

Stanley Black & Decker Inc., the U.S. toolmaker, has acquired about 95 percent of the shares of Swedish surveillance-system maker Niscayah AB.

Stanley Black & Decker, based in New Britain, Connecticut, had offered about 7.6 billion Swedish kronor ($1.2 billion), or 18 kronor a share in cash, for Stockholm’s Niscayah, surpassing a rival offer from Securitas AB. All conditions for the offer have been satisfied and settlement is expected to start Sept. 9, Stanley Black & Decker said today in a statement.