TECHdotMN — Tyco Electronics to Buy ADC for $1.25 Billion

Tyco Electronics to Buy ADC for $1.25 Billion

July 13, 2010 | sourced Comments

Via NYT Dealbook

“Tyco Electronics said on Tuesday that it has agreed to buy ADC Telecommunications, a broadband equipment maker, for about $1.25 billion in cash, the latest in a spate of deals over the past two days.

Under the terms of the deal, Tyco will pay $12.75 per ADC share, a 44 percent premium to ADC’s Monday closing stock price of $8.85.”

Tags: ADC Telecommunications, NY Times Dealbook, Tyco Electronics

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