Stanley Black & Decker announced Monday that the mandatory waiting period required under U.S. antitrust law for its offer to acquire the shares of systems integrator Niscayah has expired.
Late last month, Stanley announced a $1.2 billion bid for the company.
According to a statement, all U.S. antitrust conditions to the offer have now been satisfied.
An independent committee established by the board of directors of Niscayah has recommended that the company’s shareholders and warrant holders accept the offer. In addition, Stanley said that Niscayah shareholders representing approximately 19.5 percent of the shares in the company have committed to accept the offer, subject to certain conditions.