Skadden Reps Landis In $2.3B Sale To Toshiba

Law360, New York (May 19, 2011, 12:56 PM EDT) -- Toshiba Corp. said Thursday that it had agreed to buy power-meter maker Landis & Gyr AG for $2.3 billion, in a move designed to capitalize on the global demand for smart grid technology.

The companies expect to close the all-cash deal — Toshiba's largest since its $5.4 billion acquisition of Westinghouse Electric Ltd. in 2006 — in the third quarter of this year, pending typical regulatory clearances.

Toshiba, already a major player in the nuclear power industry, hopes Landis & Gyr will boost its presence in...
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