Baldor Owner ABB to Buy Thomas & Betts for $3.9 Billion

by Arkansas Business Staff  on Tuesday, Jan. 31, 2012 8:34 am  

Swiss power and technology group ABB, which purchased Baldor Electric Co. in 2010, says it will buy Thomas & Betts Corp. of Memphis, which specializes in low voltage electrical products, for $3.9 billion in cash.

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