F. Merger and Acquisitions MERGER WITH BLACK &amp; DECKER On March 12, 2010 (the  merger date ), a wholly owned subsidiary of The Stanley Works was merged with and into The Black &amp; Decker Corporation ( Black &amp; Decker ), with the result that Black &amp; Decker became a wholly owned subsidiary of The Stanley Works. As part of the Merger, Black &amp; Decker stockholders received 1.275 shares of Stanley stock for each share outstanding as of the merger date. All of the outstanding Black &amp; Decker shares and equity based awards were exchanged for Stanley shares and equity awards as part of the Merger. Fractional shares generated by the conversion ratio were cash settled for $0.3 million. After the exchange was completed, pre-merger Stanley shareowners retained ownership of 50.5% of the combined Company. In conjunction with consummating the Merger, the name of the combined Company was changed to  Stanley Black &amp; Decker, Inc . Black &amp; Decker is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Merger creates a larger and more globally diversified company with a broad array of products and services with significant exposure to growing and profitable product areas. Stanley and Black &amp; Decker s product lines are generally complementary, and do not present areas of significant overlap. By combining the two companies, there will be significant cost saving opportunities through reductions in corporate overhead, business unit and purchasing consolidation, and by combining elements of manufacturing and distribution. Based on the closing price of Stanley common stock on the merger date, the consideration received by Black &amp; Decker shareholders in the Merger had a value of approximately $4.657 billion as detailed below. Conversion (in millions) Calculation Fair Value Black &amp; Decker common stock outstanding as of the merger date 61.571 Multiplied by Stanley s stock price as of the merger date multipli