XML 43 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITIONS
1 Months Ended
Dec. 31, 2012
Acquisitions And Divestitures [Abstract]  
Acquisitions

Note 3. Acquisitions

 

In December 2012, the Company entered into a definitive agreement to acquire Intermec, Inc. (Intermec) a leading provider of mobile computing, radio frequency identification solutions (RFID) and bar code, label and receipt printers for use in warehousing, supply chain, field service and manufacturing environments for $10 per share in cash, or an aggregate purchase price of approximately $600 million, net of cash acquired. Intermec is a U.S. public company which operates globally and had reported 2012 revenues of approximately $790 million. The transaction is expected to close by the end of the second quarter of 2013, pending regulatory review by the United States and the European Commission.  The acquisition is expected to be funded with available cash and the issuance of commercial paper. Intermec will be integrated into our Automation and Control Solutions segment.