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Taft says it advises Franklin Electric on $350 million Cat Pumps acquisition
Taft announced that it had acted as legal counsel to Franklin Electric in its acquisition of Cat Pumps Corporation. The firm said the deal involved $350 million in cash and a potential earnout of up to $50 million payable in Franklin Electric stock.
Key points
- Taft said Kathleen Eick led its legal team.Taft Stettinius & Hollister
- The firm named Tim Murphy, Matt Sieben and Dorothy Swagler as additional team members.Taft Stettinius & Hollister
- Taft described Cat Pumps as Minneapolis-based with global operations.Taft Stettinius & Hollister
- The announcement said Cat Pumps supplied high-pressure plunger and piston pumps for commercial and industrial applications.Taft Stettinius & Hollister