Electrical Business

News
Leviton buys out T&B’s minority stock interest


June 24, 2008
By Anthony Capkun

Leviton Manufacturing Co. Inc. purchased a 29.1% minority interest in its stock that has been held by Thomas & Betts Corp. since 1994 for a cash tender of about $300 million USD.

The
purchase of Thomas & Betts’ minority interest in its stock “secures
its long-term strategic objective of the restoration of total ownership
of the company to the Leviton family and continuation of its policy to
remain privately held and operated”.