BOULDER, Colo., Nov. 3, 2009 (GLOBE NEWSWIRE) -- Advertising Material - The Shuman Law Firm today announced that it is investigating whether Black & Decker Corporation ("Black & Decker" or the "Company") (NYSE:BDK) directors complied with their fiduciary duties in approving the proposed buyout of Black & Decker by Stanley Works ("Stanley").
According to the Company's press release of November 2, 2009, Black & Decker shareholders will receive 1.275 shares of Stanley stock in exchange for each Black & Decker share they own. The investigation seeks to determine, among other things, whether the deal price is fair and adequate.
If you currently own Black & Decker common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.