Capital Corp Merchant Banking
In 2002, Stanley Works, USA, announced that it would enter into a corporate inversion, whereby the company would reincorporate itself as a Bermuda-based corporation. This was termed and outbound inversion, as the reincorporation was to move the company incorporation out of the United States to a foreign county.
Currently a US based corporation with hear offices in New Britain, Connecticut, Stanley would make all US operations a wholly owned subsidiary of a new parent company based in Bermuda. Corporate headquarters and all company offices and operations would remain in Connecticut.