Monday, December 13, 2010

Acquisation completed

Tyco Electronics Ltd. has completed the acquisition of ADC Telecommunications, Inc.

The combination of Tyco Electronics (TE) and ADC positions the company as a world leader in broadband connectivity.

Tom Lynch, Chief Executive Officer of TE, said, "With our expanded product offering and strong position in every major geographic region, TE will provide the broad range of products and solutions our customers need to keep pace with the rapidly increasing demand for video and data connectivity anytime and anywhere.”

SCHAFFHAUSEN, Switzerland, Dec. 9, 2010 TE announced earlier today the successful completion of its tender offer to purchase the outstanding shares of common stock of ADC, which expired on Wednesday, Dec. 8, 2010. TE then consummated the short-form merger, and ADC became an indirect wholly-owned subsidiary of TE.

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