Foxboro Co. to Be Acquired by Siebe...
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From Times Staff and Wire Reports
Foxboro Co. to Be Acquired by Siebe PLC: Foxboro Co., a leading international maker of manufacturing control systems, has agreed to a $656.4-million marriage for cash with the British firm Siebe PLC, provided Siebe stockholders consent, the companies said. Under terms of the deal, the Windsor, England, firm would buy Foxboro’s 12.6 million shares outstanding for $52 a share, in a cash tender offer to begin Friday.
