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TE Connectivity plc — M&A Activity 2016
Apr 4, 2016
29970_rns_2016-04-04_6da1118b-1a28-4958-89e0-3814192b099c.zip
M&A Activity
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*UNITED STATES*
*SECURITIES AND EXCHANGE COMMISSION*
*Washington, D.C. 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 4, 2016
*TE CONNECTIVITY LTD.*
(Exact name of registrant as specified in its charter)
| Switzerland | 98-0518048 |
|---|---|
| (Jurisdiction of Incorporation) | (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 ( see General Instruction A.2. below):
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))
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*Item 8.01. Other Events*
On February 2, 2016, TE Connectivity Ltd., a Swiss corporation (TE or the Company), announced that it had entered into a Share Purchase Agreement (the Share Purchase Agreement) with Cregstar Holdco Limited, a non-cellular company limited by shares incorporated under the Laws of the Island of Guernsey (the Seller), to acquire the Creganna Medical group of companies through the purchase of 100% of the equity of Cregstar Bidco Limited together with certain loan notes (the Transaction). On April 4, 2016, the Company and the Companys indirect wholly-owned subsidiaries, TE Connectivity Ireland Ltd. and Tyco Electronics Group S.A., consummated the Transaction. The Company paid an aggregate cash purchase price of $895 million, which is subject to customary adjustments for cash, working capital, indebtedness and transaction expenses.
A copy of the press release announcing the completion of the Transaction is attached as Exhibit 99.1 and incorporated herein by reference.
*Item 9.01. Financial Statements and Exhibits*
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release issued April 4, 2016 |
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*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, thereunto duly authorized.
| /s/ Harold G. Barksdale | |
|---|---|
| Name: | Harold G. Barksdale |
| Title: | Corporate Secretary |
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