Reuters: Mergers News: ABB's takeover of Thomas & Betts gets US clearance

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

ABB's takeover of Thomas & Betts gets US clearance Apr 30th 2012, 17:50 April 30 | Mon Apr 30, 2012 1:50pm EDT April 30 (Reuters) - Swiss engineering group ABB Ltd received U.S. regulatory approval on Monday for its pending $3.9 billion acquisition of U.S. electrical components maker Thomas & Betts, ABB said in a statement. The companies are still waiting on European Commission approval for the deal, part of ABB Chief Executive Joe Hogan's push to boost the company's presence in the United States.

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