Professor Elam

Stanley which owns Stanley hand tools and MAC automotive tools is acquiring Black and Decker, a power tool maker. Note this is an acquisition by stock not cash. While there is talk that this will eliminate overhead, the BD workers better hope their  union is in good shape, and the BD management will not be for long as these things go. 

Mergers are inclusive and are seen at market tops.  This is why understanding socionomics can be valuable in understanding when and why things happen.  Joining is a inclusionary result of mutual good feelings, this did not happen at DOW 7000 but DOW 10,000. While the company is called Stanley Black and Decker, look for Stanley to discard the BD logo when the market bottoms in 2012, note FED EX has already discarded the Kinko name.