June 18, 2014 / 8:40 PM / 3 years ago

TE Connectivity to buy Measurement Specialties for $1.7 bln

June 18 (Reuters) - TE Connectivity, a maker of switches and sensors, said it would buy Measurement Specialties Inc, which makes precision sensors and sensor-based systems, for about $1.7 billion including debt, to strengthen its sensor-making business.

TE’s offer of $86 per Measurement share represents a premium of 10.25 percent to Measurement’s closing price on Wednesday. (Reporting by Ankit Ajmera in Bangalore; Editing by Simon Jennings)

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