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0.000308515014397282 0.000205676676264919 -6.85588920884364E-05 -0.000925545043192234 -0.000479912244618275 0.00123406005758932 0.00438776909365135 0.00469628410804883
Stock impact report

TE Connectivity Snaps Up Richards Manufacturing For $2.3 Billion: Details [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
2 min read In This Article TEL TE Connectivity Snaps Up Richards Manufacturing For $2.3 Billion: Details TE Connectivity plc (NYSE: TEL ) shares are trading lower on Wednesday after the company agreed to acquire Richards Manufacturing Co. from Oaktree Capital Management and the Bier family in an all-cash transaction of around $2.3 billion The deal enhances TE's position in North America's electrical utility market by integrating complementary products and leveraging Richards' expertise to capitalize on growth in underground electrical networks. The company expects the acquisition to generate mid-teens returns on invested capital, driven by tax, revenue, and cost synergies. The transaction is expected to close in TE Connectivity's fiscal third-quarter ending June 2025. The company plans to integrate business into its Industrial Solutions segment, contributing approximately $400 million in annual sales with EBITDA margins in the mid-30% range The deal is expected to b Show less Read more
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