Molex announces approval of proposed merger with Koch Industries

theflyonthewall.com

Molex announced that at an annual stockholders’ meeting held this morning, Molex stockholders approved the previously announced definitive agreement to be acquired by Koch Industries, one of the world’s largest and most successful private companies, for $38.50 per share in cash. The approximate equity value of the transaction is $7.2B. Based upon preliminary voting results provided by the inspector of election as of November 15, more than 85% and 99% of the total outstanding shares of Molex Common Stock and Class B Common Stock, respectively, eligible to vote as of the October 21 record date were voted in favor of the adoption of the definitive merger agreement.

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