LISLE, Ill. — Koch Industries Inc. is buying electronic components and cables maker Molex for $7.2 billion.
Koch — run by the billionaire brothers Charles and David Koch — said Monday that it will pay $38.50 per Molex Inc. share. That’s a 31 percent premium to the company’s common stock price of $29.34 on Friday.
Molex will keep its headquarters in Lisle, Ill., and keep its current management team. Molex will also keep its company name and will run as a Koch subsidiary.
Koch, based in Wichita, Kan., owns a variety of businesses and has annual sales of $115 billion.
Read tomorrow's Arkansas Democrat-Gazette for full details.