Leviton Buys Back Thomas & Betts Minority Ownership Stake For $300 Million

Ending one of the more intriguing business relationships in recent electrical industry history, Thomas & Betts Corp., Memphis, Tenn., sold the 29.1 percent stake it had held for nearly 14 years in Leviton Manufacturing Co., Little Neck, N.Y., back to the family that controls Leviton for $300 million.

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