ABB (ABB) Could Pay $4B for Thomas & Betts (TNB) -WSJ
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WSJ reporting Zurich-based ABB Ltd. (NYSE: ABB) could be kicking the tires on electronic component maker Thomas & Betts (NYSE: TNB). A source said the deal could be valued at around $4 billion and could be announced as early as Monday, January 30th.
Based on Friday's closing price of $57.96, Thomas & Betts' current market cap sits at just over $3 billion.
Based on Friday's closing price of $57.96, Thomas & Betts' current market cap sits at just over $3 billion.
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