Koch Industries, the holding firm for David Koch and his brother, will buy Molex, which sells interconnection systems to automakers, mobile-phone companies and military customers. That includes Apple, which uses some Molex connectors for the iPhone 5, the top-selling smartphone. Source
Billionaire Koch brothers latest bet: Spending US$7.2 billion to buy an Apple iPhone supplier
Molex shares jumped 31 percent, to $38.55, in midday trading on the Nasdaq. Molex makes electronic connectors for companies including Apple.
Buy buying the company, Koch can diversify beyond its traditional holdings in energy, chemicals and paper. Link
[tweet “Koch Industries diversifies beyond its traditional holdings in energy, chemicals and paper
Does the recent buy of Koch Industries is a sign of shifting priorities? In the past Koch Industries was known to be among the most prolific climate action blockers (see video above). The new diversification could mean that Koch is changing priorities, indirectly preparing for policy changes, which would affect their classic business model.
G20 countries agree to phase down potent greenhouse gas