Baldor Electric CO. (BEZ) News

Where are the posts?

Jim,

I don't know exactly what happens to futures contracts in this case. I imagine they would expire worthless as there is no longer any BEZ..

Yes, ABB trades on the NYSE. Right now it's at $23.67

You're welcome sir.

Don

Don,

Thanks that part (the buyout) is understood -

But let's say that a guy wanted to still own shares in BEZ's future?
Does ABB trade publicly ?

Thanks again for your willingness to dialogue -

Jim

It was assimilated into ABB. Your shares should be purchased at the negotiated negotiated price. Got any unknown cash in your account?

It would acquire the remaining shares at $63.50 per share and de-list the company from Wall Street, it added.

Don or anyone,

I'm looking for the new trading symbol - ?
I own a position in BEZ and now (today) cannot get a quote ...?

Got a URL or news item on this one ?

Thanks for any info

Jim

Interesting - -
Again thanks for the info - -

Looks like BEZ will go away. ABB will remain on the NYSE.

Thanks for the post -

Will there be any change in the stock ticker symbol ?

Done deal.... http://www.google.com/hostednews/afp/article/ALeqM5hFuSnNIx0C9YIkIDqRSkZjvTBP0Q?docId=CNG.4ee665b031ccff2be6b33d859a9a8e3c.01

BEZ do be delisted after completion of sale.

Thanks Don -

It certainly looks like it is going to happen -
Maybe we will know by the end of the day ?

Jim

So, here is the latest...

Subject to the satisfaction of these other conditions, ABB expects to close the acquisition of Baldor soon after the expiration of the tender offer.


Complete story here.

I have them on my google watch list.... don't recall seeing reasons.

True enough as per PR -

I just wonder why it did not go through the first time as planned and why was it extended ?

Regulators approved sale last week... Offer expires on the 25th... Watch closely...

I thought the purchase date was the 25th..........

If it falls through again - it may be interesting to see what BEZ PPS does tomorrow...........

Jimbo

Interesting that a new board is formed on the day when Baldor is purchased by ABB... Doesn't make much sense, but Oh well!