Leviton Regains Unilateral Control Of Family-Owned Business with $300 Million Stock Purchase

(PRG)

Leviton Manufacturing Company, Inc. has announced the purchase of a 29.1% minority interest in its stock that has been held by Thomas & Betts Corporation (NYSE:TNB) since 1994, for a cash tender of approximately $300 million.

Leviton’s purchase of Thomas & Betts’ minority interest in its stock secures its long-term strategic objective of the restoration of total ownership of the company to the Leviton family and continuation of its policy to remain privately held and operated.

Suggested Articles:

ETC has partnered with an award-winning Broadway lighting team to create a new educational challenge: The Hamilton Programming Project.

The Behind the Scenes Mental Health Initiative has rolled out a number of suicide prevention tools as part of joining the #BeThe1To campaign.

Food for thought on a hot summer weekend: A Conversation About Diversity And Anti-Racism In Entertainment Design.