BIG TICKET: Koch Industries Inc. agreed Monday to buy electronic components and cables maker Molex for $7.2 billion, offering holders of Molex common stock a premium of 31 percent to the company's closing price Friday.
STAYING THE COURSE: Molex will remain headquartered in Lisle, Ill., and keep its current management team. Molex will also keep its company name and will be run as a Koch subsidiary.
CONGLOMERATE GROWS: Koch — run by the billionaire brothers Charles and David and based in Wichita, Kan. — owns a variety of businesses, including the paper and paper products maker Georgia-Pacific; an oil refinery and chemicals company; a pipeline company; a cattle company; a fertilizer company; and commodity trading and services companies. It has annual sales of $115 billion.
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