ABB's Pending Acquisition of Baldor Electric Receives U.S. Antitrust Clearance

ABB Ltd ABB and Baldor Electric Company BEZ announced today that the Antitrust Division of the United States Department of Justice has cleared ABB's proposed acquisition of Baldor pursuant to a cash tender offer for all of the outstanding shares of common stock of Baldor at a price of $63.50 per share net to the holder in cash, without interest and less any required withholding taxes.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&AElectrical Components & EquipmentHeavy Electrical EquipmentIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!