Koch Industries to buy Molex for $7.2 billion


Molex Inc , a maker of which makes electronic, electrical and fiber optic interconnection systems, said privately owned Koch Industries will buy it for about $7.2 billion.

The deal for $38.50 per share in cash represents a 42 percent premium on average to the Friday closing prices of Molex's two classes of publicly traded shares, the company said.

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(Reporting by Bijoy Koyitty in Bangalore; Editing by Maju Samuel)