EU Clears Tyco Electronics' Acquisition of ADC
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TE Connectivity Ltd.
1050 Westlakes Dr.
Berwyn, PA, 19312
Press release date: December 7, 2010
SCHAFFHAUSEN, Switzerland, Dec. 7, 2010 -- Tyco Electronics Ltd. (NYSE: TEL) announced today that it has received merger control clearance from the European Commission for its proposed acquisition of ADC Telecommunications, Inc. (Nasdaq: ADCT).
This clearance satisfies the condition of the tender offer related to European Union regulatory approval. Tyco Electronics' tender offer for shares of ADC is scheduled to expire at 5:00 p.m., New York City time on Wednesday, Dec. 8, 2010.
ABOUT TYCO ELECTRONICS (TE)
Tyco Electronics Ltd. is a global technology company with fiscal 2010 sales of US$12.1 billion to customers in more than 150 countries. We design, manufacture and market products for customers in a broad array of industries including automotive; data communication systems; consumer electronics; telecommunications; aerospace, defense and marine; medical; energy; and lighting. With approximately 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, we are a recognized leader in many of the industries we serve. More information on TE can be found at www.te.com.
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SOURCE Tyco Electronics Ltd.
CONTACT:Media Relations,Sheri Woodruff,+1-610-893-9555 Office,or+1-609-933-9243 Mobile,email@example.com;orTender Offer Information Agent,Innisfree M&A Incorporated,+1-888-750-5834
Web Site: http://www.tycoelectronics.com