Thursday, August 10, 2006

Atlantic Investment Raises Stake in Black & Decker (BDK), Will Continue Active Discussions w/Management

In an amended 13D filing on Black & Decker Corp. (NYSE: BDK), Atlantic Investment Management disclosed a 6.1% stake (4.6 million shares), which is up from the prior 4 million share stake the firm disclosed.

The investment firm said it will continue its active discussions with the Company's management with respect to actions which might be taken to maximize shareholder value. In addition, the firm may hold discussions with other parties regarding shareholder value enhancing activities for the benefit of all of the Company's shareholders.


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