Coleman Cable would draw on credit facility to buy Technology Research

By Sara Rosenberg

New York, Jan. 18 - Coleman Cable Inc. would use borrowings under its existing credit facility and cash on hand to fund its proposed acquisition of Technology Research Corp., according to a news release.

Coleman is offering to buy Technology Research for $5.50 per share in cash.

Technology Research is currently considering the offer and plans on responding by Jan. 21.

Coleman Cable is a Waukegan, Ill.-based manufacturer of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical, commercial, industrial and automotive industries.

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