April 30, 2012 / 5:50 PM / 5 years ago

ABB's takeover of Thomas & Betts gets US clearance

April 30 (Reuters) - Swiss engineering group ABB Ltd received U.S. regulatory approval on Monday for its pending $3.9 billion acquisition of U.S. electrical components maker Thomas & Betts, ABB said in a statement.

The companies are still waiting on European Commission approval for the deal, part of ABB Chief Executive Joe Hogan's push to boost the company's presence in the United States.

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