Swiss engineering group ABB's (ABBN.VX) proposed acquisition of U.S. industrial motors firm Baldor Electric Co (BEZ.N) received U.S. regulatory clearance, both companies said in a joint statement on Thursday. The antitrust division of the United States Department of Justice cleared the proposed deal pursuant to a cash tender offer for all of the outstanding shares of common stock of Baldor at $63.50 per share, the companies said. The tender offer will expire at 5:00 p.m., New York City time, on January 25, the companies said.
Source
