Thomas & Betts, Lamson & Sessions clear waiting period hurdle in proposed merger

By Lisa Kerner

Charlotte, N.C., Oct. 1 - The Hart-Scott-Rodino waiting period ended without action in the proposed $27-per-share acquisition of Lamson & Sessions Co. by Thomas & Betts Corp., according to a statement released on Monday.

The merger, first announced Aug. 15, is slated to close during the fourth quarter. Lamson & Session shareholders are set to vote on the $450 million all-cash transactions on Oct. 24.

Thomas & Betts is a Memphis manufacturer of electrical components used in construction, industrial and utility markets.

Lamson & Sessions, based in Cleveland, produces thermoplastic enclosures, fittings, wiring outlet boxes and conduits for the electrical, telecommunications, power and wastewater markets.

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