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

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