Thomas & Betts Pending Acquisition of Lamson & Sessions

Thomas & Betts announced a pending acquisition of Lamson & Sessions, expected to close in Q4 2007. The company increased its revolving credit facility to $750 million in part to fund this acquisition.

“In October 2007, Thomas & Betts increased the availability under its revolving credit facility to $750 million from $300 million in part to fund the company's pending acquisition of Lamson & Sessions (NYSE:LMS). This acquisition is expected to close in the fourth quarter.”

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