Announced
TE CONNECTIVITY (SUBSEA COMMUNICATIONS BUSINESS) / CERBERUS CAPITAL MANAGEMENT / TE CONNECTIVITY LTD / Acquisition / Private / £248m
Synopsis
TE Connectivity Ltd. (NYSE: TEL) (TE), a world leader in connectivity and sensors, today announced that it has entered into a definitive agreement to sell its subsea communications business (SubCom) to Cerberus Capital Management, L.P., a global leader in alternative investing, for $325 million in cash.
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