Sun, May 19, 2013, 10:15 PM EDT - U.S. Markets closed
You heard it here first.
Oops, it's cash.
google "SIX Swiss Exchange ABB" for quotes.
I thought ABB stock might drop on the news even though 1 billion is just 2% of the market value of ABB, but it didn't.
ABB is a good long-term blue-chip bet on global economic recovery, similar to Siemens (SI). But the stock is unlikely to move much in the next year or so.
Sounds like it's an equity deal (merger), so we theoretically get $6.35 of ABB stock. But watch what happens to ABB stock, it might tank.
Dividend withholding is 15% not 30% if your US broker has done the paperwork (like TDAmeritrade).
It's discussed in the Micron presentation to Goldman Sachs Technology conference this month. Look at "investor calendar" on the company's website, investor relations page, scroll down to "archived events".