Jul 18, 2008
Story Timeline: 86 days
NEW BRITAIN, Conn., July 18 /PRNewswire-FirstCall/ -- The Stanley Works (NYSE: SWK - News ) announced today that it has completed its previously announced purchase of Sonitrol Corporation from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for $276 million cash. Sonitrol, headquartered in Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national multi-channel distribution network. The company also announced that it has completed its previously announced purchase of Xmark Corporation, a wholly-owned subsidiary of VeriChip Corporation (Nasdaq: CHIP - News ) for $48 million cash, which consists of...
[read full story]