- Equipment World - http://www.equipmentworld.com -
ABB acquires Baldor Electric
Posted By Lauren Heartsill Dowdle On December 1, 2010 @ 9:17 am In Industry Briefs | No Comments
ABB acquired Baldor Electric in an all-cash transaction valued at approximately $4.2 billion.
This transaction provides ABB with a North American presence in the industrial electric motor market. ABB will retain Baldor’s management, brand and headquarters in Fort Smith, Arkansas.
ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash. To learn more about ABB, visit abb.com .
Article printed from Equipment World: http://www.equipmentworld.com
URL to article: http://www.equipmentworld.com/abb-acquires-baldor-electric/
URLs in this post:
 abb.com: http://www.abb.com
Copyright © 2012 Equipment World -- Development. All rights reserved.