Thomas & Betts Divests Communications Products Business

Thomas & Betts divested its non-strategic communications products business for $78 million in cash in November 2010. The business was previously part of the Electrical segment and contributed $52.7 million in sales for 2010.

“In November 2010, Thomas & Betts divested its non-strategic communications products business for cash consideration of $78 million.”

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.