Molex Industries has engaged outside PR support as the publicly traded maker of electronic connectors is acquired by Koch Industries for $7.2B.
Lisle, Ill.-based Molex, a 75-year-old company, is working with Abernathy MacGregor Group for media counsel and PR help through the deal, announced today.
AbMac president Tom Johnson, who heads its mergers & acquisitions practice, and senior VP Allyson Vento are handling media for Molex regarding the acquisition.
Susan Armitage is VP of corporate communications for Molex.
Wichita-based Koch Industries will pay $35.80 per share, a 32% premium on Molex common stock. Boards of both companies have approved the deal.
In a statement, KI chairman and CEO Charles Koch said Molex "matches up well with our culture and our core capabilities."
Koch Companies Public Sector director of corporate communication Melissa Cohlmia is working the press for KI.
Molex has nearly 36,000 employees. Quarterly net revenue for the quarter ended in June was $882.9M with net income of $57.1M.