Thomas & Betts Corp. (TNB) Wednesday said it has agreed to buy the net assets of JT Packard & Associates, Inc., for an estimated net purchase price of $22 million. The transaction is expected to close on January 26, 2010.
Thomas & Betts Corporation is a manufacturer of electrical components used in industrial, commercial and utility markets.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.