TE Connectivity PLC Registered Shares
TEL: XNYS (USA)
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TE Connectivity: We Like the Richards Acquisition and Believe It's Coming at a Fair Price
TE Connectivity announced an agreement to acquire privately held Richards Manufacturing for $2.3 billion in cash. Richards is a supplier of connectors and hardware for electric and natural gas utilities, primarily for North America. The firms expect the deal to close in the June quarter of 2025.
