ABB to Acquire Baldor Electric Company to Become a Global Leader in Industrial Motion

ZURICH, Switzerland and FORT SMITH, Ark., Nov. 30, 2010 (GLOBE NEWSWIRE) –


Agreed transaction: ABB and Baldor announce a recommended offer for ABB to acquire Baldor for .50 per share, an overall transaction value of .2 billion, including net debt of .1 billion.
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In line with ABB’s strategy: establishes ABB as a leader in the multibillion dollar [...] http://bit.ly/htaSqA