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Molex Inc Announces Approval of Proposed Merger Agreement with Koch Industries, Inc.

Friday, 15 Nov 2013 11:51am EST 

Molex Inc announced that Molex stockholders approved the previously announced definitive agreement to be acquired by Koch Industries, Inc., one of the private companies, for $38.50 per share in cash. The approximate equity value of the transaction is $7.2 billion. Under the terms of the merger agreement, Koch Industries will acquire all of Molex‚Äôs outstanding shares, including the Common Stock (MOLX), the Class A Common Stock (MOLXA) and the Class B Common Stock, for $38.50 per share in cash. Final consideration will also include an adjustment amount of up to $0.24 per share, based on the timing of the closing date and whether Molex declares or pays a dividend for the quarter in which the closing takes place. 

Company Quote

-0.015 -30.00%
23 Oct 2013