Posted January 21, 2011
DOJ clears ABB acquisition of Baldor
The Antitrust Division of the United States Department of Justice has cleared ABB's proposed acquisition of Baldor.
ABB agreed to pay $63.50 per share to Baldo stockholders.This antitrust clearance satisfies the last remaining regulatory condition to the tender offer.
The closing of the tender offer remains subject to other customary terms and conditions. ABB expects to close the acquisition of Baldor soon after the expiration of the tender offer on Jan. 25.
