Posted Jan. 30, 2012 at 8:18 a.m.
ABB workers position semiconductors. (ABB photo)
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ABB, a market leader for industrial motors, described the deal as part of a strategy that boosts its market presence in North America, and said the price of $72 a share is a 24-percent premium over Thomas & Betts' closing stock price on Jan. 27...Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
ABB, which has U.S. HQ in Cary, to buy Tennessee firm
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ABB workers position semiconductors. (ABB photo)
Image 1 of 2 · Next Image…
ABB, a market leader for industrial motors, described the deal as part of a strategy that boosts its market presence in North America, and said the price of $72 a share is a 24-percent premium over Thomas & Betts' closing stock price on Jan. 27...Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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