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INTERNATIONAL BRIEFS
INTERNATIONAL BRIEFS;Reltec of U.S. to Buy Rainford of Britain
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Reltec, an electronics company controlled by Kohlberg Kravis Roberts & Company, said yesterday that it would buy the Rainford Group, a British maker of cabinets for electronic equipment, for L80 million ($124 million). Reltec said Rainford had accepted an offer of 335 pence a share. The stock closed at 340, up 25 pence. For Reltec, with headquarters in Ohio, Illinois and Texas, the acquisition expands its $513 million telecommunications business to Britain and elsewhere in Europe. (Bloomberg Business News)
A version of this article appears in print on , Section 1, Page 40 of the National edition with the headline: INTERNATIONAL BRIEFS;Reltec of U.S. to Buy Rainford of Britain. Order Reprints | Today’s Paper | Subscribe
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