TE Connectivity Ltd (TEL.N) Key Developments | Reuters.com
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TE Connectivity Ltd (TEL.N)

TEL.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

TE Connectivity Ltd announces fiscal 2015 third quarter dividend record and payment dates
Wednesday, 13 May 2015 08:45am EDT 

TE Connectivity Ltd:Says that the $0.33 per share quarterly dividend for third fiscal quarter of 2015.Payable on June 12 to shareholders of record at the close of business on May 29.  Full Article

TE Connectivity Ltd gives Q3, FY 2015 guidance
Wednesday, 22 Apr 2015 06:00am EDT 

TE Connectivity Ltd:Sees Q3 2015 net sales of $3.13 billion to $3.23 billion.Sees Q3 2015 adjusted EPS of $0.85 to $0.89.Sees Q3 2015 GAAP EPS to be $0.80 to $0.84, including acquisition related charges of $0.04, and restructuring and other charges of $0.01.Sees FY 2015 net sales of $12.35 to $12.65 billion.Sees FY 2015 adjusted EPS of $3.60 to $3.74 reflecting double-digit growth versus the prior year.Sees FY 2015 GAAP EPS are expected to be $3.51 to $3.65, including acquisition related charges of $0.22, restructuring and other charges of $0.18, and income from tax related items of $0.31.The outlook includes foreign exchange headwinds, reducing expected sales by $1.01 billion and adjusted EPS by $0.38.  Full Article

Applied Micro Circuits Corp and TE Connectivity Ltd collaborate to develop cable connectivity solutions
Monday, 23 Mar 2015 08:00am EDT 

Applied Micro Circuits Corp and TE Connectivity Ltd:Collaborated to develop high-speed cable connectivity solutions for data center networks.  Full Article

TE Connectivity Ltd announces appointment of President
Tuesday, 10 Mar 2015 06:00am EDT 

TE Connectivity Ltd:Names Terrence Curtin to the newly created position of President.  Full Article

TE Connectivity Ltd prices 550 mln euros senior notes offering
Tuesday, 24 Feb 2015 04:07pm EST 

TE Connectivity Ltd:Says that its wholly owned subsidiary, Tyco Electronics Group S.A. (TEGSA), has priced an offering of 550 mln euros aggregate principal amount of its 1.100 pct senior notes due 2023.Senior notes due 2023 will be issued at a price of 99.680 pct and will have a stated interest rate of 1.100 pct per year, payable annually.Intends to use the net proceeds of this offering for general corporate purposes.BNP Paribas, Deutsche Bank AG, London Branch and Merrill Lynch International are joint book-running managers for this offering, which is expected to close on Feb. 27.  Full Article

TE Connectivity Ltd to acquire AdvancedCath
Wednesday, 18 Feb 2015 08:50am EST 

TE Connectivity Ltd:Enters into a definitive agreement to acquire AdvancedCath for $190 mln in cash.  Full Article

TE Connectivity Ltd announces fiscal 2015 second quarter dividend record and payment dates
Friday, 13 Feb 2015 08:03am EST 

TE Connectivity Ltd:Announced that the $0.29 per share quarterly dividend for the second fiscal quarter of 2015 will be payable on March 13, 2015, to shareholders of record at the close of business on Feb. 27.  Full Article

TE Connectivity Ltd gives Q2 2015 outlook, revenue outlook below analysts' estimates; reaffirms FY 2015 EPS outlook, lowers net sales outlook
Wednesday, 28 Jan 2015 06:02am EST 

TE Connectivity Ltd:Expects Q2 2015 net sales of $3.55 to $3.65 billion.Q2 2015 adjusted EPS of $0.98 to $1.02.Q2 2015 GAAP EPS to be $0.89 to $0.93, including acquisition related charges of $0.05, and restructuring and other charges of $0.04.Q2 2015 revenue of $3.68 bln, EPS of $1.02 - Thomson Reuters I/B/E/S.Now expects FY 2015 net sales of $14.45 to $14.85 billion.FY 2015 adjusted EPS of $4.05 to $4.35.FY 2015 GAAP EPS to be $4.04 to $4.34, including acquisition related charges of $0.22, restructuring and other charges of $0.10, and income from tax related items of $0.31.The outlook includes foreign exchange headwinds, reducing sales by $900 million and adjusted EPS by $0.35.FY 2015 revenue of $14.95 bln, EPS of $4.19 - Thomson Reuters I/B/E/S.  Full Article

CommScope Holding Company Inc agrees to acquire TE Connectivity's Telecom, Enterprise and Wireless Businesses
Wednesday, 28 Jan 2015 06:00am EST 

CommScope Holding Company Inc:Says it has agreed to acquire TE Connectivity's Telecom, Enterprise and Wireless businesses in an all-cash transaction valued at about $3 bln.Says upon completion of the transaction, Edwards, along with other members of the CommScope executive management team, will continue to lead the company.Says the transaction is expected to close by the end of 2015.Says it expects to finance the transaction through the use of cash on hand and up to $3 bln of incremental debt, and has received debt financing commitments from J.P. Morgan Securities LLC, BofA Merrill Lynch, Deutsche Bank and Wells Fargo.Allen & Company LLC, J.P. Morgan Securities LLC, BofA Merrill Lynch and Deutsche Bank are serving as financial advisors to CommScope.Alston & Bird LLP, Latham & Watkins LLP, Baker & McKenzie and Jones Day are serving as legal advisors to CommScope.  Full Article

TE Connectivity Ltd approves recommendation to raise annualized dividend by 14 pct to $1.32 per share
Wednesday, 17 Dec 2014 05:02pm EST 

TE Connectivity Ltd:Approved recommendation to increase company's quarterly dividend by 14 percent, from $0.29 to $0.33 per share, for four fiscal quarters starting in April 2015, beginning of third fiscal quarter.Recommendation would raise company's dividend by 14 pct, from annual rate of $1.16 per share to $1.32 per share.Will be presented for shareholder approval at company's Annual General Meeting of Shareholders on March 3, 2015.  Full Article

BRIEF-TE Connectivity was reimbursed $305 million by Tyco International and Covidien pursuant to their indemnifications for pre-separation tax matters

* Company's net cash payment was $140 million during q2 of fiscal 2016, representing company's share of total amount payable to irs