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Divestiture Feb 2009 Verified

Thomas & Betts Sells Minority Interest in Leviton Manufacturing

Thomas & Betts sold its minority interest in Leviton Manufacturing Company for net proceeds of $280 million, recording a pre-tax gain of $169.7 million.

“During 2008, Thomas & Betts sold its minority interest in Leviton Manufacturing for net proceeds of $280 million”

Entities

Leviton Manufacturing Company · Subsidiary Thomas & Betts Corporation · Parent
Electrical Sentiment: Positive

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.