Stanley Works Chairman John F. Lundgren will be president and CEO when the New Britain toolmaker buys rival Black & Decker Corp., the company announced last week.
Stanley Works is paying $4.5 billion to create the largest U.S. toolmaker, analysts said.
Stanley shareholders will own about 50.5 percent of the combined company, which will be called Stanley Black & Decker. Black & Decker shareholders will hold a 49.5 percent stake after the all-stock deal is complete.
