Stanley Works Completes Sale of CST/berger (PR Newswire)

NEW BRITAIN, Conn., July 25 /PRNewswire-FirstCall/ -- The Stanley Works (NYSE: SWK - News ) today announced that it has completed the previously announced sale of its CST/berger laser leveling and measuring business, based in West Lafayette, IN, to Robert Bosch Tool Corporation for $205 million. The transaction will result in an estimated pre-tax book gain of $138 million and generate net after-tax cash proceeds of approximately $155 million. Additional Information About The Stanley Works The Stanley Works, an S&P 500 company with 2007 revenues of $4.5 billion, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and access security solutions for commercial applications. Additional information about The Stanley Works, including corporate press... [read full story]