Stanley-B&D merger has breakup fee

It will cost Black & Decker Corp. or New Britain-based Stanley Works $125 million if either of the tool giants has a change of heart and decides to walk away from their recently announced $4.5 billion merger, according to the Baltimore Business Journal.

Black & Decker specified the amount of the termination fee in a filing Sunday with the Securities and Exchange Commission, the Journal reports on its Web site.

The filing also details how much Black & Decker, based in Towson, Md., expects to spend on outside firms to advise it in the deal. Black & Decker said it expects to pay about $25 million in advisory, legal and accounting fees related to its merger with Stanley.

J.P. Morgan Securities Inc. advised Black & Decker on the deal. The company’s legal counsel are Hogan & Hartson LLP and Miles & Stockbridge P.C.

Deutsche Bank and Goldman, Sachs & Co. advised Stanley Works. Its legal counsels are Cravath, Swaine & Moore LLP and Venable LLP.

The deal is expected to close in the first half of 2010, subject to regulatory approval and the approval of shareholders of both companies.

Jefferson Radiology expands imaging network  

Jefferson Radiology in East Hartford has expanded its medical imaging practice by acquiring a competitor’s two medical radiology offices in Bloomfield and Granby.

Jefferson bought the offices, including equipment, for an undisclosed sum from Medical Imaging Center, which is shutting operations, said Paula Nevins, Jefferson’s senior director of marketing and business development.

With the acquisition, Jefferson operates nine outpatient imaging centers in central Connecticut and provides X-ray, MRI and other radiology services to several hospitals in the region. It is the largest private radiology practice in Connecticut.

The expansion enhances Jefferson’s ability to deliver quality patient care in the region, Nevins said.