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

ABB Ltd (NYSE:

) and Baldor Electric Company (NYSE:

) 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.