The 2020 Mid-Year Economic Update_long

Molex Agrees to be Acquired by Koch Industries

Molex will continue to operate as a standalone operation.

Molex Inc. (NASDAQ: MOLX, MOLXA), a Lisle, IL-based global electronic components company, has agreed to be acquired by Koch Industries, Inc., Wichita, KS. Koch Industries will acquire all of Molex's outstanding shares for $38.50 per share in cash, for a total equity value of approximately $7.2 billion.

Molex will become a standalone subsidiary of Koch Industries and will continue to be operated by the company's current management team, retaining the company name and its headquarters in Lisle, Illinois.

Charles Koch, CEO of Koch Industries, said the acquisition of Molex is "an exciting acquisition that matches up well with our culture and our core capabilities. It also provides a significant new platform for growth.

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