On Wednesday, December 23rd, 2009 after an 18 hour auction, Erickson Communities chose Maryland based Redwood Capital Investments LLC to pull itself out of bankruptcy, of which it filed for Chapter 11 protection in October. Redwood successfully outbid a New York company, Kohlberg, Kravis Roberts & Co. to get Erickson's assets, including the non-profit groups [...]
Black & Decker to be Acquired By Stanley — What Will This Mean For Towson Employees and Towson House Values?
Monday, November 2, 2009 -- Baltimore Business Journal reports that Towson-based Black & Decker is to be acquired by Stanley Works, with the deal/merger being completed in the first half of 2010. What does this mean for its employees and the surrounding Towson community? Stanley, based in Connecticut, states that the B&D Power Tools division, which has [...]