TE Connectivity Mulls $2 Billion Sale of Medical Unit [BNN Bloomberg (Canada)]
TE Connectivity Ltd. New Switzerland Registered Shares (TEL)
Last te connectivity ltd. new switzerland registered shares earnings: 4/28 06:00 am
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Source: BNN Bloomberg
The Schaffhausen, Switzerland-based company is working with an adviser to run an auction process for the business, which makes products including specialty needles and metal tubing for the medical industry, according to the people, who asked not to be identified because they aren't authorized to speak publicly. The unit, which sits within TE Connectivity's industrial solutions business, is attracting interest from private equity firms, the people said. No final decision has been made and TE could elect to keep the unit, the people said. A representative for TE didn't respond to requests seeking comment. TE Connectivity is listed on the New York Stock Exchange with a market capitalization of more than $46 billion. The company boosted its medical expertise with the $895 million purchase of Creganna Medical Group from UK-based Permira in 2016, according to data compiled by Bloomberg. The company, which has its North American main office in Berwyn, Pennsylvania, can trace its ori
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TEL
Earnings
- 4/24/24 - Beat
TEL
Sec Filings
- 6/12/24 - Form 8-K
- 6/10/24 - Form 4
- 6/4/24 - Form 4
- TEL's page on the SEC website