Majority stake Announced Aug 2000
A.O. Smith to acquire MagneTek's worldwide motor operations for ~$250 million
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
A.O. Smith Corp. announced it will buy MagneTek's worldwide motor operations for approximately $250 million, the largest acquisition in its history, expected to close by month-end.