LYCOS RETRIEVER 
Thomas Betts
built 233 days ago
Thomas & Betts Corporation is a leading manufacturer of electrical components used in construction, industrial and utility markets. The company is ... a leading producer of commercial heating and ventilation units and highly engineered steel structures used primarily for utility transmission. Headquartered in Memphis, Tenn., the company has manufacturing, distribution and office facilities worldwide. In 2006, the company reported $1.9 billion in revenues. More information on the company, its products and markets can be found at www.tnb.com.
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Thomas & Betts is one of the leading names in the electrical industry of North America. The century old company is still a global leader offering numerous products like lighting, wires, heaters and other electrical tools and connectors. The company still continues the legacy of innovation and leadership in the electrical and construction industry.
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Thomas & Betts continues to maintain a solid cash position and ended the second quarter 2004 with $267.5 million in cash and cash equivalents. Total debt-to-total capitalization was 41.7 percent at June 30, 2004, compared to 48.4 percent at year-end 2003. This improvement reflects primarily first- quarter debt repayments and year-to-date net earnings.
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Thomas & Betts Corporation has signed definitive agreements to acquire the Joslyn Hi-Voltage and Power Solutions businesses from Danaher Corporation for $280 million. The company has ... acquired Drilling Technical Supply SA (DTS), a privately held French manufacturer of hazardous lighting and electrical controls, for approximately $20 million.
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Ignacio Perez joined Heidrick & Struggles in 2000 as a partner after serving as president of Thomas & Betts in Mexico, a leading supplier to the electrical and technology markets. He previously worked for Motorola as director, Latin America for the Information Services Group. His search practice focuses primarily on the hardware, software, semiconductors, IT services, professional services and telecommunications sectors. He ... is a member of the Consumer and Life Sciences Practices.
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Thomas & Betts has committed debt financing to fund the transaction. Subject to the satisfaction of customary closing conditions and the approval of Lamson & Sessions' shareholders, the transaction is expected to close in late 2007.
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Thomas Betts