Cleary Gottlieb Steen & Hamilton is acting for Stanley Black & Decker on its billion-dollar bidding battle with Securitas to acquire Swedish security systems company Niscayah, reports The Am Law Daily. Stanley Black & Decker's offer of $1.2bn (£753m) is roughly 25% more than Securitas' earlier offer of $910m (£571m). Securitas, which spun off from Niscayah in 2006 and moved to repurchase the company earlier this year, is now likely to make a counterbid.
June 28, 2011 at 06:00 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton is acting for Stanley Black & Decker on its billion-dollar bidding battle with Securitas to acquire Swedish security systems company Niscayah, reports The Am Law Daily.
Stanley Black & Decker’s offer of $1.2bn (£753m) is roughly 25% more than Securitas’ earlier offer of $910m (£571m). Securitas, which spun off from Niscayah in 2006 and moved to repurchase the company earlier this year, is now likely to make a counterbid.
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