Sensata Technologies Holding N.V. Prices Secondary Offering of 20,000,000 Ordinary Shares |
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Sensata Technologies - Industrial Sensors Group
529 Pleasant St.
Attleboro, MA, 02703
USA
Press release date: November 12, 2010
ALMELO, Netherlands, Nov. 12, 2010 -- Sensata Technologies Holding N.V. (NYSE: ST) today announced the pricing of a secondary offering of 20,000,000 ordinary shares at a price to the public of $24.10 per share. All of the shares are being sold by existing shareholders as identified in a prospectus relating to the offering. The underwriters have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from the selling shareholders to cover over-allotments, if any. Sensata Technologies will not receive any proceeds from this offering, other than proceeds from options exercised by certain shareholders in connection with the offering.
Morgan Stanley, Barclays Capital, Goldman, Sachs & Co., BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for the offering. Citi, BMO Capital Markets and RBC Capital Markets are acting as co-managers.
About Sensata Technologies Holding N.V.
Sensata Technologies Holding N.V., a global industrial technology company, is a leader in the development, manufacture and sale of sensors and controls.
SOURCE Sensata Technologies Holding N.V.
CONTACT: Investors, Maggie Morris, Investor Relations Director, +1-508-236-1069, mmorris2@sensata.com, or News Media, Linda Megathlin, Communications Director, +1-508-236-1761, lmegathlin@sensata.com, both of Sensata Technologies Holding N.V.
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