Posted Jan. 30, 2012 at 8:18 a.m.

Premium Lock ABB, which has U.S. HQ in Cary, to buy Tennessee firm

Published: 2012-01-30 08:18:55
Updated: 2012-01-30 08:18:55

ABB workers position semiconductors 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...

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