NEW BRITAIN, Conn. – The Stanley Works has completed its merger with The Black & Decker Corp., and the combined company will now be known as Stanley Black & Decker.

“We are extremely pleased to announce the combination of these two companies and are both prepared and excited for our future as Stanley Black & Decker,” said President and CEO John Lundgren. “We have made significant strides to this point in laying the foundation for a successful integration and feel certain we have the talent, experience and strategy to achieve our goals.”

Under the merger agreement, each outstanding share of Black & Decker common stock will be converted into 1.275 shares of Stanley Works common stock. The existing Stanley Works shares will remain outstanding and will represent approximately 50.5 percent of the shares outstanding after the merger. The combined company will trade on the NYSE under the symbol “SWK.”