ABB to acquire Thomas & Betts for $3.9 billion

ABB agreed to acquire Thomas & Betts for $72 per share in cash, approximately $3.9 billion, in a merger to enhance ABB's North American low-voltage products business. Thomas & Betts also makes HVAC products under the Reznor and Gaz Industrie brands.

“ABB and Thomas & Betts Corp. announced that both companies’ boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.