Changes on North American Low-Voltage Market
ABB, the leading power and automation technology group, and Thomas & Betts Corporation, a North American leader in low voltage products, announced that both companies’ boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion. The transaction is subject to approval by Thomas & Betts shareholders as well as to customary regulatory approvals, and is expected to close by the middle of 2012. Read more
