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TNB Thomas & Betts Corp.

71.99
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Thomas & Betts Corp. NYSE:TNB NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 71.99 0.00 01:00:00

EU Approves ABB Acquisition Of Thomas & Betts

11/05/2012 4:50pm

Dow Jones News


Thomas Betts (NYSE:TNB)
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The European Commission Friday approved Swiss power group ABB Ltd.'s (ABBN.VX) proposed acquisition of Thomas & Betts Corp. (TNB), the U.S. low-voltage products company.

"The commission's investigation confirmed that the overlaps between the parties' activities are limited and that the merged entity would continue to face competition," the European Commission said in a press release.

In January, the Zurich-based power and technology group agreed to buy Thomas & Betts for $3.9 billion.

-By Clare Connaghan, Dow Jones Newswires; +32 (0) 2741 1489, clare.connaghan@dowjones.com

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