ABB (ABB) will buy Thomas & Betts Corp. (TNB) for $3.9B to expand its North American...

|About: ABB LTD. (ABB)|By:, SA News Editor

ABB (ABB) will buy Thomas & Betts Corp. (TNB) for $3.9B to expand its North American distribution network and add low-voltage equipment. The $72/share offer is a 24% premium to TNB's Friday close. (PR)