AI assistant
TE Connectivity plc — M&A Activity 2012
Apr 5, 2012
29970_rns_2012-04-05_a0e34321-0473-494c-b305-5551239173a2.zip
M&A Activity
Open in viewerOpens in your device viewer
*UNITED STATES*
*SECURITIES AND EXCHANGE COMMISSION*
*WASHINGTON, DC 20549*
*FORM 8-K*
*CURRENT REPORT*
*Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934*
Date of Report (Date of earliest event reported): April 3, 2012
*TE CONNECTIVITY LTD.*
(Exact Name of Registrant as Specified in its Charter)
Switzerland (Jurisdiction of Incorporation) 98-0518048 (IRS Employer Identification Number)
*001-33260*
(Commission File Number)
*Rheinstrasse 20*
*CH-8200 Schaffhausen*
*Switzerland*
(Address of Principal Executive Offices, including Zip Code)
*+41 (0)52 633 66 61*
(Registrants Telephone Number, including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SEQ.=1,FOLIO='',FILE='C:\JMS\106203\12-9025-1\task5240210\9025-1-ba.htm',USER='106203',CD='Apr 5 03:00 2012'
*Item 8.01. Other Events.*
On December 15, 2011, TE Connectivity Ltd., a Swiss corporation (the Company), announced that it had entered into a Sale and Purchase Agreement (the SPA) to acquire Deutsch Group SAS (Deutsch), a global leader in high-performance connectors for harsh environments, from Deutschs current shareholders (the Sellers). On April 3, 2012, the Company and the Companys indirect wholly-owned subsidiary, TE Connectivity (Netherlands) Holding S.a r.l., a Luxembourg company (the Purchaser), consummated the acquisition of Deutsch from the Sellers.
The Purchaser paid the Sellers consideration of approximately 1.15 billion (or approximately $1.53 billion using an exchange rate of $1.33 per 1.00) for the purchase of Deutsch. The Company also repaid Deutschs financial debt at closing in an aggregate amount equal to approximately 496 million (or approximately $660 million using the preceding exchange rate). The Company financed the acquisition with a combination of cash and debt.
A copy of the press release announcing the completion of the acquisition of Deutsch is attached as Exhibit 99.1 and incorporated herein by reference.
2
SEQ.=1,FOLIO='2',FILE='C:\JMS\106203\12-9025-1\task5240210\9025-1-ba.htm',USER='106203',CD='Apr 5 03:00 2012'
*Item 9.01. Financial Statements and Exhibits.*
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated April 3, 2012 |
3
SEQ.=1,FOLIO='3',FILE='C:\JMS\106203\12-9025-1\task5240210\9025-1-ba.htm',USER='106203',CD='Apr 5 03:00 2012'
*SIGNATURES*
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TE CONNECTIVITY LTD. | |
|---|---|
| (Registrant) | |
| By: | /s/ Harold G. Barksdale |
| Harold G. Barksdale | |
| Corporate Secretary |
Date: April 5, 2012
4
SEQ.=1,FOLIO='4',FILE='C:\JMS\106203\12-9025-1\task5240210\9025-1-ba.htm',USER='106203',CD='Apr 5 03:00 2012'