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Molex Announces Approval of Proposed Merger with Koch Industries

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Molex Incorporated (NASDAQ: MOLX) (NASDAQ: MOLXA), a global electronic
components company, today announced that at an annual stockholders'
meeting held today, Molex stockholders approved the previously announced
definitive agreement to be acquired by Koch Industries, Inc., one of the
world's largest and most successful private companies, for $38.50 per
share in cash. The approximate equity value of the transaction is $7.2
billion.

Based upon preliminary voting results provided by the inspector of
election as of November 15, 2013, more than 85% and 99% of the total
outstanding shares of Molex Common Stock and Class B Common Stock,
respectively, eligible to vote as of the October 21, 2013 record date
were voted in favor of the

See full press release

Posted-In: News Guidance Dividends Contracts M&A Global

 

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