Koch Industries acquires Molex

16th December 2013

Nat Bowers

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The $7.2bn (USD) aqcuisition of Molex has been completed by Koch Industries. Finalized through the merger of Koch Industries’ wholly owned subsidiary, Koch Connectors, with and into Molex, the company is now an indirect wholly-owned subsidiary of Koch Industries. Retaining its name and headquarters in Illinois, Molex will continue to be operated by its current management team.

Charles Koch, Chairman and CEO, Koch Industries, comments: “We’re pleased to welcome Molex’s 36,000 talented leaders and employees to Koch. Molex is a great company that creates real value for its customers and society and matches up well with our culture and core capabilities.”

All outstanding shares of Molex, including the Common Stock, the Class A Common Stock and the Class B Common Stock were converted into a right to receive $38.50 (USD) per share in cash, plus an adjustment of $0.18 (USD) per share representing a pro rata portion of the regular quarterly cash dividend. Shares of the company will no longer be listed on the NASDAQ Global Select Market, the London Stock Exchange, or any other securities exchange.

“Now that the transaction has closed, we are eager to move forward with our new owners. We believe that combining the global strengths of Molex and Koch will create an exciting future for all our stakeholders,” commented Martin Slark, CEO of Molex.

Molex will file a Certification on Form 15 with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to suspend the company’s reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.

Dave Robertson, President and COO of Koch Industries, concludes: “This acquisition represents a new platform for growth and innovation for us. We’re looking forward to applying our Market-Based Management philosophy at Molex to help identify and capture additional opportunities.”