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British investment company Rosebank Industries PLC has agreed to acquire Electrical Components International Inc. (ECI), a manufacturer of power distribution systems, from Cerberus Capital Management for about $1.9 billion. The deal is subject to regulatory and shareholder approval.
“The deal is in line with Rosebank's growth strategy by modernizing businesses in the United States and Europe and is subject to regulatory and shareholder approval at a general meeting on July 1, 2025.”akm.ru
Summarized from public sources; check the original articles before acting on it.