ABB to buy Thomas & Betts for $3.9 billion
Swiss engineering group ABB Ltd. said Monday that it has agreed to pay $3.9 billion in cash for Thomas & Betts Corp., a deal that boosts its market presence in North America. how to softmod wii 4.3u.
The Zurich-based maker of power and automation technology and the Memphis, Tennessee-based supplier of low-voltage products jointly announced that both companies' boards have agreed to ABB paying $72 a share for the U.S. company. The board of Thomas & Betts has recommended the deal to its shareholders.
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#1 Feb 5, 2012
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