Medeco bought by Master Lock??

[nsquidc]

Just reported on AP Wire

Standards and Poor is reporting that Assa Abloy Group will sell their Medeco subsidiary to Master Lock in an undisclosed tender offer. "Master Lock is the undisputed leader in secure locks in the American market," a spokesperson stated, "so it only made sense that we brought our expertise to the high security market as well."

Really??? Are we about to see bump stop pins taking over the U.S.??

Full story can be accessed here (WSJ subscription maybe required): http://tinyurl.com/c3z8383

[GWiens2001]

I was about to comment on today's date, but it seems you were expecting it.

Gordon

[VancouverSpecial]

hook, line and sinker - well played sir, well played.

cheers,
vancouverspecial

[piotr]

Very good!

[flywheel]

Brings up the question, what does Master Lock own?
Do they own American? How has quality been affected?