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Rte Corp

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May 10, 1988 | From Reuters
Cooper Industries, a diversified electronics manufacturer, announced Monday that it had agreed to acquire RTE Corp., a Brookfield, Wis., electrical equipment distributor, for about $322 million in cash. RTE's board previously recommended that shareholders reject a $36-a-share offer from Mark IV Industries Inc. and authorized the management to look for alternative ways to maximize the shareholders' values.
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BUSINESS
May 10, 1988 | From Reuters
Cooper Industries, a diversified electronics manufacturer, announced Monday that it had agreed to acquire RTE Corp., a Brookfield, Wis., electrical equipment distributor, for about $322 million in cash. RTE's board previously recommended that shareholders reject a $36-a-share offer from Mark IV Industries Inc. and authorized the management to look for alternative ways to maximize the shareholders' values.
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