The CMA investigated and cleared the completed acquisition by Stanley Black & Decker, Inc. of the power tool accessories and hand tools and storage business of Newell Brands, Inc.
|Phase 1 date||Action|
|8 May 2017||Decision published|
|11 April 2017||Decision announced|
|10 March 2017||Initial enforcement order|
|22 February 2017||Launch of merger inquiry|
|15 February to 1 March 2017||Invitation to comment|
CMA clearance decision
11 April 2017: The CMA has cleared the completed acquisition by Stanley Black & Decker, Inc. of the power tool accessories and hand tools and storage business of Newell Brands, Inc. The full text of the decision is available below.
- Full text decision (8.5.17)
Revocation of initial enforcement order
16 March 2017: In view of the evidence available to the CMA at this stage, the CMA revoked the initial enforcement order.
- Revocation order (16.3.17)
Initial enforcement order
10 March 2017: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Stanley Black & Decker, Inc., Stanley Works Limited (THE) and Stanley Black & Decker UK Limited in relation to the completed acquisition by Stanley Black & Decker, Inc. of the assets of Newell Brands, Inc. business.
- Initial enforcement order (10.3.17)
Launch of merger inquiry
22 February 2017: The CMA announced the launch of its merger inquiry by notice to the parties.
- Commencement of initial period of notice (22.2.17)
Invitation to comment: Now closed
15 February 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Please send written representations about any competition or public interest to:
Competition and Markets Authority
Published: 15 February 2017
Updated: 8 May 2017
Opened: 15 February 2017
Closed: 8 May 2017
- Full text of the decision published.
- Clearance decision announced.
- Revocation order published.
- Initial enforcement order published.
- Launch of CMA merger inquiry.
- First published.