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Indiana Electric Company Bought By Arkansas Electric Company
Updated May 5, 2013 12:03 AM | Filed under: Network Indiana
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(MADISON) - A Madison electric company has been sold to an Arkansas firm.

Baldor Electric will pay almost $2-billion in cash and stock to acquire Rockwell Automation-Reliance Electric.

Reliance Electric makes large motors and has more than 220 employees. The sale should be finalized in January.

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