Shorts Zero In on Stanley Works in Black & Decker Deal

The Stanley Works (SWK) takeover of Black & Decker (BDK) is expected to deliver considerable cost savings. The controversial deal is already attracting lawsuits, but Black & Decker shares were up 25% Monday, and the short base has decreased 30% over the past week. The short base for SWK has increased from just over 2% a month ago to just below 5% on the 2 November.

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