FEDERAL TRADE COMMISSION CLEARS GENERAL SIGNAL'S ACQUISITION OF MAGNETEK ELECTRIC.STAMFORD, CT, July 10--(BUSINESS WIRE)--General Signal Corporation (GSX GSX Gelled Slurry Explosive GSX Ground Storm X (VMware) GSX Gran Sport Extra (Buick Skylark) GSX Gasco Energy Company GSX Gender Sexuality XYZ :NYSE NYSE See: New York Stock Exchange ) announced today that the U.S. Federal Trade Commission has granted anti-trust clearance for its acquisition of MagneTek Electric, Inc., the medium-power transformer transformer, electrical device used to transfer an alternating current or voltage from one electric circuit to another by means of electromagnetic induction. business of MagneTek, Inc. (MAG (MAGnetic) A common abbreviation for magnetic. For example, "mag tape" means magnetic tape. :NYSE). This decision clears the way for General Signal to complete the acquisition, which it expects to do by the end of the month. General Signal Corporation, with 1994 sales of $1.53 billion, is a leading equipment manufacturer for the process control, electrical, and industrial technology industries. CONTACT: Nino Fernandez General Signal (203) 329-4320 |
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