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-0.0002000792366777 -0.000233204938114586 -0.000862593265412409 0.00172121144665247 0.0031124909069949 0.00443751896446413 0.00437126756159055 0.00582879842480657
Stock impact report

TE Connectivity to buy Richards Manufacturing in $2.3B deal [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
· Industry Dive Nathan Owens Thu, February 13, 2025 at 12:01 PM GMT+1 2 min read In This Article TEL This story was originally published on Manufacturing Dive . To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter Dive Brief: TE Connectivity on Wednesday said it plans to buy electrical grid products maker Richards Manufacturing for $2.3 billion in cash as it looks to strengthen its position as a service provider in the North American utilities market. Upon deal completion, New Jersey-based Richards will become part of TE's Industrial Solutions segment and is expected to contribute about $400 million to annual sales, according to a release. The deal is expected to close by the end of June. Richards has generated strong revenue growth in recent years selling underground distribution equipment to customers replacing older infrastructure. As part of the acquisition, TE said it is looking to benefit from strong growth trends i Show less Read more
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