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Tyco buys ADC in cash deal worth US$1.25 billion

Tyco Electronics Ltd. and ADC Telecommunications Inc. have announced a definitive agreement under which Tyco w...


July 14, 2010  


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Tyco Electronics Ltd. and ADC Telecommunications Inc. have announced a definitive agreement under which Tyco will acquire ADC for $12.75 per share in cash, or an enterprise value of approximately US$1.25 billion.

 

“This is a very exciting time for our company and ADC is a great fit as we continue to execute our strategy to create strong leadership positions in all of our connectivity businesses,” said Tom Lynch, CEO of Tyco.

 

“Consumers and enterprises want access to high-speed video and data wherever they are, on whatever devices they are using — from smart phones to HD and 3-D televisions to computers with advanced video-conferencing capabilities. The combination of ADC and Tyco Electronics creates an industry leader, with the scope and geographic scale to help customers deliver needed capacity, from the core of the network all the way to the end user.”