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0 0 -9.95355009954531E-05 0.00185799601857978 0.00136031851360308 0.00557398805573971 0.00729927007299266 0.00557398805573971
Stock impact report

TE Connectivity to buy Richards Manufacturing for $2.3bn [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
Credit: Michael Vi/Shutterstock. · Power Technology · Michael Vi/Shutterstock. GlobalData Thu, February 13, 2025 at 3:42 PM GMT+1 2 min read In This Article TEL TE Connectivity has agreed to acquire Richards Manufacturing for $2.3bn in an all-cash transaction, a move set to enhance its presence in North America's electrical utility sector. The acquisition will merge complementary product lines and capitalise on the growing demand for underground electrical networks. Richards Manufacturing, known for its utility grid products, has seen double-digit revenue growth in recent years. The New Jersey-based company specialises in underground distribution equipment, including medium voltage cold-shrink cable accessories and network protector products. The Richards management team will remain with TE post-acquisition and continue leading the business. The deal is subject to standard post-closing adjustments and will be financed through cash reserves and additional de Show less Read more
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