ABB to buy Thomas & Betts for $3.9bn

The world's largest producer of power and automation technologies offered $72 a share in cash for the Tennessee-based company.

The Zurich-based company has secured a fully underwritten bridge financing worth $4bn from Bank of America Merrill Lynch, said the group.

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *