Thomas & Betts Sells Minority Interest in Leviton Manufacturing

Thomas & Betts Corporation sold its minority equity interest in privately held Leviton Manufacturing Company, recording a $169.7 million gain on the sale in Q2 2008. The proceeds were used in part to repay debt and fund acquisitions.

“Net earnings include a $1.74 per diluted share gain on the previously announced sale of the company’s minority interest in privately held Leviton Manufacturing Company”

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