Stanley Black & Decker Hedges on U.S. Housing

"Stanley Black & Decker agreed to buy Sweden's Niscayah Group AB (NISCB) for 7.6 billion kronor ($1.2 billion) yesterday, its largest deal excluding Stanley Works's $4.4 billion purchase of Black & Decker Corp. announced in 2009 combining the two biggest U.S. toolmakers. Stanley Black & Decker's offer of 13.9 times earnings before interest, taxes, depreciation and amortization to outbid Securitas AB tops the 10.8 multiple for its Black & Decker merger and any valuation that Stanley Works or Black & Decker previously paid"