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US: Koch brothers quietly make $7.2B tech buyout

By  |  September 12, 2013

The billionaire Koch brothers entered into an agreement to acquire Molex, a component parts tech company, for $7.2 billion. The deal has largely flown under the radar as the transaction was inked while the world watched for the latest Apple iPhone announcement, say reports.

Despite the low profile, the buyout will make a major indent in the electronics industry. Molex manufactures plug parts found in nearly every computer, say reports.

The deal represents a 31 percent premium over Molex’s stock value as of last Friday, though analysts say they are unsure as to the exact motivation of the purchase.

The deal is set to finalize next year and will remain an independent brand.

Full Content: NPR

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