ABB Offers $1.3 Billion for UPS Manufacturer Chloride

ABB Ltd. stepped up the bidding war on Chloride by offering approximately $1.3 billion for the UK-based maker of uninterruptible power supplies. The ABB Group made a cash offer of 325 pence a share, outbidding Emerson Electric Co.'s 275 pence offer made in April. Yahoo Finance

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish