Kirkland Guides ABB In $3.9B Thomas & Betts Buy
ABB will acquire the U.S. electrical components manufacturer for $72 per share — a 27 percent premium over Thomas & Betts' closing price on Friday. The companies expect to close the all-cash deal by the middle of the year.
"Strategically, it's a great fit," said Joe Hogan, ABB's CEO. "This is another big step toward expanding...
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