Archives

Print This Post Print This Post Email This Post Email This Post

Leviton Regains Unilateral Control of Family-Owned Business with $300 Million Stock Purchase

Leviton Manufacturing Company, Inc. has announced the purchase of a 29.1% minority interest in its stock that has been held by Thomas & Betts Corporation since 1994, for a cash tender of approximately $300 million.

Leviton’s 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.

Be Sociable, Share!

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>