ABB Possibly Buying Chloride Group

(June 8, 2010) ABB Ltd., the world’s biggest supplier of power grids has agreed to buy Chloride Group Plc for 864 million pounds ($1.3 billion) in cash, setting up a potential bidding clash with Emerson Electric Co.

You can read the entire news on BusinessWeek.com.

Chloride Group is manufacturer of UPS Systems.

Last week ABB also agreed to buy an instrumentation company, K-TEK for over $1 billion.

Related posts:

1. Emerson Bidding Cash for Chloride Group
2. Emerson Final Buyer of Chloride Group for $1.5 Billion
3. ABB Agrees to Purchase K-TEK