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.