SIEBE COMPLETES ACQUISTION OF RANCO <RNI>
<Siebe Plc> of the U.K. said it
completed the acquisition of Ranco Inc, following approval by
Ranco shareholders.
    According to the terms of the deal, Ranco holders will
receive 40 dlrs a share in cash. Ranco will be transferred to
one of Siebe's U.S. subsidiaries, Robertshaw Controls Co.
    Ranco produces automatic control devices and power controls
that regulate temperature, pressure, time sequencing, current,
fluid flow and humidity. Its Teccor unit makes a specialized
line of semiconductors.
 Reuter
