To all Stanley
and Black & Decker Associates,
As we continue on the track to combining our two
great companies, wed like to
update you on significant progress we made last week
with our integration planning
process. We held a full-scale integration summit in
Towson, Maryland, with a laser
focus on designing and developing the next levels of our
organization and ensuring
we achieve stabilization on Day One.
In the weeks following the announcement of our organizational superstructure, we
asked our business and integration team leaders to structure their respective
organizations
with
a
singular
emphasis
on
ensuring
stability
and
business
continuity,
while positioning us for the future.
We all know that the most immediate and important issue is ensuring that our two
complex, global businesses can run effectively on the day after the transaction closes.
To that end, our integration teams have been focused on what happens on Day One
of the new company. This week we addressed a comprehensive list of questions
questions
like reporting structures, benefits, payroll, billing, shipping, and much
moredesigned to achieve stabilization on Day One.
As you can imagine there are a multitude of questions that need to be answered and
addressed. The Integration Teams made tremendous progress over the past month,
and spent a significant amount of time addressing critical Day One processes which
will
allow
us
to
maintain
focus
on
running
of
our
core
business.
Our
integration
teams
delivered a Day One organization structure that will be communicated in the days
leading
up
to
and
immediately
following
closing.
Depending
on
where
you
are
in
the
combined
company, you may or may not see significant change in your particular
area on day one. While this may be a final structure in some cases, we should all
view this as an interim stabilization
structure to get through the period immediately
following closing.
We
are
planning
to
close
the
transaction
on
March
12,
2010.
That
means
that
on
Monday, March 15, 2010, we will officially be Stanley Black & Decker, a globally
diversified industrial company positioned to drive profitable growth.
We understand that you have many questions regarding the next levels of the
organization and, while we cant address every concern now, we can assure you that
were following a jointly-developed, jointly-driven process that holds at its core the
best interests for the combined company. We are fully committed to communicating
regularly
with
you
and
will
answer
your
questions,
as
always,
on
the
Stanley
Black
&
Decker integration website.
Thank you.
Brett Bontrager & Tony Milando
Chairmen of the Stanley Black & Decker Integration Management Office
March 04, 2010
Filed by The Black & Decker Corporation
Pursuant to Rule 425 under the
Securities Act of 1933, as amended and deemed
filed pursuant to Rule 14a-6 of the
Securities Exchange Act of 1934, as amended
Subject Company: The Black & Decker Corporation
(Commission File No. 1-01553)
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