TE Connectivity, First Sensor AG Enter Business Combination Agreement

(RTTNews) - TE Connectivity Sensors Germany Holding AG, a unit of TE Connectivity Ltd. (TEL), and First Sensor AG entered into a business combination agreement related to a voluntary public takeover offer to be made by TE Connectivity Sensors for the acquisition of all outstanding no-par value bearer shares in First Sensor for a consideration of 28.25 euros per share.

The parties have also reached agreements with various anchor shareholders of First Sensor AG holding an aggregate of approximately 67% of the share capital and voting rights to accept the takeover offer.