Majority stake Announced Jan 2012 · Closed May 2012 Verified
ABB Acquires Thomas & Betts Corporation for $3.7B
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Summary
ABB Ltd acquired all outstanding shares of Thomas & Betts Corporation for $72 per share in cash on May 16, 2012, resulting in cash outflows of $3.7 billion. The HVAC Division was part of Thomas & Betts at the time of acquisition.