Kirkland Represents ABB in $4.2B Baldor Deal
ABB, which focuses on power and automation technology, offered an all-cash deal for Baldor that included $1.1 billion of net debt. The deal is expected to close in the first quarter of 2011.
“Baldor is a great company with an extremely strong brand in the world’s largest industrial market,” ABB CEO Joe Hogan said....
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