|
contents | business | |||||||||
| ABB to acquire all outstanding shares of common stock of Baldor ABB Ltd, the Swiss engineering group, and Baldor Electric Company, a North American leader in industrial motors, announced that ABB's subsidiary, Brock Acquisition Corporation, is commencing the previously announced 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. The tender offer is being made pursuant to the merger agreement entered into between ABB and Baldor as of Nov. 29, 2010. write your comments about the article :: © 2010 Construction News :: home page |