Stanley Works buys security system developer Xmark, a subsidiary of Verichip. Xmark specializes in RFID systems used to track and protect people and assets, including infants and hospital wanderers. Stanley bought all outstanding Xmark shares for $45 million.
Stanley Works announces FY 2007 and 4Q07 financial results at the NYSE. In 2007, SWK reported 15% increase in sales and free cash flow was a company-record $457 million. In 4Q07, $200 million in shares were repurchased.
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