Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 26, 9:32 PM
Slide #29. Mueller Industries, Inc. — Nehring Electrical Works Company
Acquirer: |
Mueller Industries, Inc. (NASDAQ:MU) |
Acquiree: |
Nehring Electrical Works Company |
Details: |
Mueller Industries, Inc. (NYSE:MLI) today announced that it has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies (collectively, "Nehring") for approximately $575 million, subject to customary purchase price adjustments, plus an additional $25 million earn out. Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. Operating through its three business units (Nehring Electrical Works Company, Conex Cable, L.L.C., and Unified Wire & Cable, Inc.), Nehring is a recognized and trusted supplier to numerous utilities, REAs, municipalities, telecommunications and electrical distribution companies throughout the U.S. For the twelve months ended December 31, 2023, Nehring's annual net sales were approximately $400 million. |
Micron Technology is engaged in the memory and storage solutions. Co. delivers a range of DRAM, NAND, and NOR memory and storage products through its Micron® and Crucial® brands. Co.'s business units are: Compute and Networking Business Unit, which includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business Unit, which includes memory and storage products sold into smartphone and other mobile-device markets; Embedded Business Unit, which includes memory and storage products sold into automotive, industrial, and consumer markets; and Storage Business Unit, which includes solid state drives and component-level solutions.
Micron Technology SEC Filing Email Alerts Service
Open the MU Page at The Online Investor »
Company Name: |
Micron Technology Inc. |
Stock buyback: |
MU buyback |
Website: |
www.micron.com |
Sector: |
Semiconductors |
Number of ETFs Holding MU: |
109 |
Total Market Value Held by ETFs: |
$19.11B |
Total Market Capitalization: |
$123.78B |
% of Market Cap. Held by ETFs: |
15.44% |
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April 26, 2024 9:32 PM Eastern
Strong Buy (3.76 out of 4)
70th percentile
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