Kansas-based Koch Industries Inc. will pay $7.2 billion for Molex Inc., a 75-year-old maker of electronic components, Bloomberg reported. Koch, which is controlled by the billionaire Koch brothers, will buy Molex's shares for $38.50 each, a 31 percent premium over the publicly traded common stock's price, according to a statement today. Including the Class A stock, the premium was 42 percent, the company said. The transaction is expected to be completed by the end of the year. The deal will turn Molex into a stand-alone division of Koch, with the company retaining its name and headquarters in Lisle, Ill. Molex, which began life as a maker of moldable thermoplastic in the late 1930s, now focuses on electronic, electrical and fiber-optic connectors. Read more