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Stock impact report

TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market [Yahoo! Finance]

TE Connectivity Ltd. New Switzerland Registered Shares (TEL) 
Last te connectivity ltd. new switzerland registered shares earnings: 4/28 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
9 min read In This Article TEL GALWAY Ireland Feb. 12, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL), a world leader in connectors and sensors, has entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P. and members of the Bier family, long-standing owners and leaders of the business. The transaction will strengthen TE's position in serving electrical utilities in North America by combining complementary product portfolios and adding the expertise of the Richards team, enabling TE to benefit from strong growth trends in underground electrical networks. TE Connectivity plc Logo (PRNewsfoto/TE Connectivity plc) Richards is widely recognized as a best-in-class provider of utility grid products and, over the last several years, has experienced double-digit revenue growth. The company, headquartered in Irvington, N.J. , is a leader in underground distribution equipment, with differentiated positions Show less Read more
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