In Sweden, Stanley buys shares of security firm Niscayah
New Britain, Conn.-based Stanley Black & Decker's wholly owned Swedish subsidiary has acquired in total 72,005,890 class B shares of global security firm Niscayah Group.
The shares represent approximately 19.8% of the outstanding shares and approximately 13.9% of the total number of votes in Niscayah.
The acquisition of these shares was made through purchases outside of the company’s pending tender offer to acquire all the outstanding shares and warrants of Niscayah.
Stanley's SBD Holding AB announced a public takeover offer to the shareholders of Niscayah in June.