ABB Agrees to Acquire Rotork for Approximately $5.5 Billion
ABB Ltd has agreed to acquire UK-based Rotork in an all-cash deal valued at approximately £4 billion ($5.5 billion), marking ABB's largest-ever acquisition. The transaction offers a 60% premium over Rotork’s three-month average share price, with shares of the latter rising sharply following the announcement.
Tickers: $ABBNY
Topics: M&A stock_movement