NEW BRITAIN, CT -- Stanley Black & Decker announced the expiration of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its previously announced offer to acquire all of the class A and class B shares and warrants of Niscayah Group AB, a leading commercial security and monitoring company specializing in electronic security services and solutions based in Stockholm, Sweden. All U.S. antitrust conditions to the Offer have now been satisfied.
The Offer represents a premium of approximately 47% compared to Niscayah's closing price1 prior to the announcement of Securitas' offer to acquire Niscayah on May 16, 2011, and a premium of approximately 15% compared to Niscayah's stock price at close on June 23rd, 2011 (the last trading day prior to the announcement of the Offer). At launch, the Offer represented a 24% premium to the then value of Securitas' all-stock offer. The independent committee of the board of directors of Niscayah has unanimously recommended that shareholders and warrant holders in Niscayah accept the Offer. Niscayah shareholders representing approximately 19.5% of the shares in Niscayah have committed to accept the Offer, subject to certain conditions.