Alston & Bird acted as counsel to Wells Fargo Securities, the financial advisor to Stanley Black & Decker Inc., in connection with Stanley Black & Decker's proposed acquisition of Newell Brands Inc.’s tool business for $1.95 billion in cash.
The transaction is expected to close in the first half of 2017.
Alston & Bird consistently ranks among the top-10 law firms representing financial advisors in M&A deals by Corporate Control Alert, the legal and financial dealmaking journal. In the first half of 2016, the firm placed No. 8 among counsel advising investment banks on deals with a value of $100 million or more.
Advising Well Fargo Securities are partners Kevin Miller and Aaron Dixon (Corporate & Business Transactions).