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Koch Makes $7.2 Billion Purchase of Molex

Koch Industries announced the purchase this week of Molex, the maker of electronic connectors that partners with many companies, including Apple.

The $7.2 billion deal is one of the biggest ever by the privately-held company. They will buy out shareholders and take the company private, which will immediately eliminate one of Molex’s biggest expenses: $150 million paid annually as a dividend to shareholders.

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